Curtis Stephen Ridlon, of Bedford, New Hampshire, a registered representative formerly associated with Waddell & Reed, was fined of $3,235,000.00, and disgorged of $1,513,711.09 by The State of New Hampshire Bureau of Securities Regulation pursuant to an Order to Cease and Desist containing findings that he concocted a scheme to defraud investors via the assessment…

Jason Freiwald, of Scottsdale, Arizona, a stockbroker currently registered with Waddell & Reed, has been named in a customer initiated investment related arbitration claim on January 25, 2016, in which the customer requested $541,150.00 in damages based upon allegations that Freiwald effected unsuitable investment transactions in the customer’s account. According to the customer, Freiwald recommended…

Steven D. Ridgley, of Louisville, Kentucky, a stockbroker with Waddell & Reed, was fined $10,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in unauthorized discretionary trading in customer accounts. Letter of Acceptance, Waiver and Consent, No. 2014043025703…

Michael D. Rasmovich of Louisville, Kentucky, a stockbroker with Waddell & Reed, was fined $10,000 and suspended from association with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities for two months after consenting to findings that he exercised discretion in eighty customer accounts without prior written authorization from the customers or…

Carlos Benavidez, Jr., of Louisville, Kentucky, a stockbroker with Waddell & Reed, was fined $10,000 and suspended from association with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities for two months after consenting to findings that he exercised discretion in eighty customer accounts without prior written authorization from the customers or…

Joseph R. Holzhause of Henderson, Nevada, a registered representative with Waddell & Reed, was barred in all capacities from associating with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities after consenting to findings that he had signed and distributed to a third party a false and materially misleading letter, failed to…