Securities Arbitration Investment Fraud Lawyers » Investment and Regulatory News » Investors Accuse Reid Rudiger LLC Of Unauthorized Trading

investment fraud

Edward Joseph Rudiger Jr., of New York, New York, a the Chief Executive Officer of Reid Rudiger LLC, is the subject of a customer initiated investment related complaint filed on August 8, 2022, in which the customer requested damages based upon allegations that Rudiger charged excessive commissions and engaged in the unauthorized trading of over-the-counter equities during the time that Rudiger was associated with Reid Rudiger LLC.

Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Rudiger is referenced in six other customer initiated investment related disputes concerning Rudiger’s conduct while associated with securities broker dealers, including Reid Rudiger LLC. On January 3, 2011, a FINRA securities arbitration claim involving Rudiger’s conduct was settled for $294,293.00 in damages resulting from an issuer’s default of payments on promissory notes. FINRA Arbitration No. 09-07130.

Rudiger was also referenced in a civil action that was settled for $700,000.00 in damages based upon allegations of an issuer’s default of payments on promissory notes. Civil Action No. 1:12 CV 00551 (January 31, 2013).

On December 17, 2019, a FINRA securities arbitration claim involving Rudiger’s conduct resulted in the customer being awarded $98,666.00 in compensatory damages because Rudiger and Reid Rudiger LLC were held liable for sales practice violations. FINRA Arbitration No. 19-01541. The Statement of Claim alleged that Rudiger committed fraud, made misrepresentations of material fact, was negligent, breached a contract, breached his fiduciary duties, violated state laws, made misrepresentations of material fact, and failed to supervise certain registered representatives in connection with the recommendation and sale of securities.

Rudiger was also referenced in a complaint filed on May 18, 2020, seeking damages based upon allegations that Rudiger engaged in the unauthorized trading of over-the-counter equities.

Rudiger has been associated with Reid Rudiger LLC in New York, NY, as a stockbroker since September 16, 1999.