Articles Tagged with Reid & Rudiger

shutterstock_836360-300x225According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Edward Rudiger (Rudiger), currently associated with Reid & Rudiger LLC (Reid & Rudiger), has been subject to at least six customer complaints and one lien or judgement matters during his career.  The two most recent complaints against Rudiger concern allegations of high frequency trading activity also referred to as churning or excessive trading.

In October 2019 a customer complained that Rudiger violated the securities laws by alleging that Rudiger engaged in sales practice violations related to false and misleading statements, excessive trading, breach of fiduciary duty and failure to supervise. The claim is currently pending and seeks $220,542 in damages.

In June 2019 a customer complained that Rudiger violated the securities laws by alleging that Rudiger engaged in sales practice violations related to excessive trading and misrepresentation.  The claim is currently pending and seeks $279,577 in damages.

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shutterstock_93851422-300x240According to BrokerCheck records financial advisor Elvis Parkes (Parkes), currently employed by Reid & Rudiger LLC (Reid & Rudiger) has been subject to 10 customer complaints, two regulatory actions, and one termination for cause during his career.  According to records kept by The Financial Industry Regulatory Authority (FINRA), many of the complaints against Parkes concern allegations of unsuitable investments.

In February 2007 Parkes was terminated by First Republic Group, LLC over allegations of unsuitable transactions by the firm.  Thereafter, in June 2008 the state of Illinois fined Parkes and denied his registration in the state.

In September 2018, a customer complained that Parkes engaged in excessive and reckless trading. The claim is currently pending.

In July 2018, a customer complained that Parkes engaged in unsuitable investments causing $79,000 in damages.  The claim is currently pending.

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