Audie Gean Rea of Ridgeland Missouri is a stockbroker currently registered with Stifel Nicolaus and Company who is the subject of a customer initiated investment related arbitration claim in which the customer was awarded $90,000.00 in damages founded on Rea having been found liable for breaching his fiduciary duties, effecting unsuitable transactions, churning the customer’s investment portfolio, over-concentrating the customer’s assets, and negligently servicing the customer’s investment account. Financial Industry Regulatory Authority (FINRA) Arbitration No. 16-03363 (Oct. 13, 2017).
FINRA Public Disclosure confirms that Rea has been identified in two additional customer initiated investment related disputes containing accusations of Rea’s violative conduct during the time that he was associated with Prudential Bache Securities, Inc. and Sterne Agee & Leach, Inc. Particularly, a customer initiated investment related written complaint concerning Rea’s conduct was settled for $20,000.00 in damages supported by allegations that excessive commissions had been generated from the customer and a trade had been effected in the customer’s account that the customer never consented to.
Thereafter, on October 30, 2001, a customer filed an investment related written complaint regarding Rea’s activities where the customer sought $5,000.00 in damages based upon accusations that over-the-counter equities transactions were executed in the customer’s account and margin was utilized without the customer’s consent.
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Guiliano Law Group
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