Terry Parker Rider of Houston Texas a stockbroker formerly employed by RBC Capital Markets is the subject of a customer initiated investment related written complaint which was resolved for $160,000.00 on February 14, 2018 founded on accusations that false or misleading statements had been made to the customer about the sustainability of the customer’s investment.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Rider is referenced in three additional customer initiated investment related disputes containing allegations of Rider’s violative conduct while employed with RBC Capital Markets LLC. Specifically, a customer initiated investment related arbitration claim involving Rider’s activities was settled for $75,000.00 in damages based upon accusations that misrepresentations were made to the customer concerning the investments Rider advised the customer to purchase while registered with RBC Capital Markets LLC. FINRA Arbitration No. 09-04133 (Oct. 20, 2010).
Subsequently, customers filed an investment related complaint concerning Rider’s activities requesting $150,000.00 in damages supported by allegations that unfounded statements had been made to the customers concerning the expenses on investments or the earnings generated by the investments sold to them. Another customer initiated investment related arbitration claim involving Rider’s conduct was resolved for $2,322,000.00 in damages founded on accusations of an unauthorized wire transfer having been effected from the customer’s wealth management account at RBC between 2010 and 2017, generating catastrophic losses for the customer.
Rider’s registration with RBC Capital Markets LLC has been terminated as of April 5, 2017.
