Jeffrey Dale Cleckner of Indianapolis, Indiana, a stockbroker formerly registered with Waddell Reed, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $125,000.00 in damages based upon accusations of the unauthorized withdrawal of funds in a retirement account during the time that he was registered with Waddell Reed. FINRA Arbitration No. 20-03359 (October 19, 2020). The claim alleges that the customer’s signature had been forged to effect the transactions. No allegations of misappropriation have been disclosed. The matter is still pending.
This is not the only time Cleckner has been accused of sales practice violations while registered with a securities broker dealer. FINRA Public Disclosure shows that Cleckner is the subject of a customer initiated investment related written complaint in which the customer sought $29,825.64 in damages founded on allegations of an excessive amount of funds being used for options trading when Cleckner was associated with First Union Securities Inc.
Cleckner’s stockbroker and investment adviser representative registrations at Waddell Reed have been terminated as of October 11, 2017. He was associated with Northwestern Mutual Investment Services between January 8, 2018, and May 31, 2018. Since May 25, 2018, he has been registered with Edward Jones as a stockbroker and investment adviser representative.
