Darrell Walter Rideaux of Los Angeles California a stockbroker employed by Morgan Stanley is the subject of a customer initiated investment related arbitration claim which was resolved for $130,000.00 in damages supported by allegations that an unauthorized investment solicited by Rideaux when he was employed by Morgan Stanley caused the customer to incur unwarranted losses. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-00963 (July 19, 2019).
FINRA Public Disclosure confirms that Rideaux is referenced in a customer initiated investment related civil action brought in the Superior Court of California in which customers requested $10,000,000.00 in damages founded on accusations that while Rideaux was associated with Morgan Stanley Smith Barney, he made false or misleading statements to the customer concerning a private placement investment that the customer alleged to have been effected outside the scope of his employment with the securities broker dealer. Civil Action No. BG613330 (Mar. 29, 2016).
Rideaux has been barred from associating with any FINRA member in any capacity supported by findings that he failed to cooperate with a FINRA investigation into allegations of him selling away from Morgan Stanley. Letter of Acceptance Waiver and Consent No. 2016049407601 (Feb. 9, 2018).
According to the AWC, the investigation to Rideaux’s potential private securities transactions stemmed from him being subject of two civil actions in which he was accused of having solicited customers’ investments that Morgan Stanley did not authorize and which caused the customers’ losses. On January 5, 2018, Rideaux had been instructed to provide recorded testimony before FINRA personnel regarding securities transactions Rideaux potentially effected outside the firm’s auspices. Rideaux corresponded with FINRA to confirm that although he received FINRA’s request, he would at no point testify in regard to his transactions or otherwise cooperate in any manner with FINRA personnel relating to the investigation. FINRA found Rideaux’s conduct violative of FINRA Rules 2010 and 8210.
Rideaux’s employment with Morgan Stanley has been terminated as of March 9, 2015. Between August 25, 2016 and May 22, 2017, Rideaux was associated with NMS Capital Advisors LLC.
