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David Kyle Ridenour of Edmond Oklahoma a stockbroker currently registered with Wells Fargo Clearing Services LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $250,000.00 in damages supported by accusations that Ridenour effected speculative bond and stock transactions in the customer’s account between 2015 and 2016 that were not suitable for the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-00407 (Feb. 2, 2018).

FINRA Public Disclosure reveals that Ridenour has been identified in two additional customer initiated investment related disputes that pertain to allegations of his misconduct during the time that he was associated with Morgan Stanley Smith Barney. Specifically, on November 29, 2012, a customer filed an investment related complaint involving Ridenour’s actions where the customer sought more than $5,000.00 in damages founded on accusations that Ridenour misrepresented two mutual funds purchased by the customer and failed to inform the customer about the fees pertaining to securities transactions placed in the customer’s account.

Further, a customer initiated investment related arbitration claim concerning Ridenour’s conduct was settled for $47,500.00 in damages based upon allegations that unsuitable energy sector trades were executed in the customer’s investment portfolio, where over-the-counter equity investment transactions were effected without the customer ever having consented. FINRA Arbitration No. 16-02181 (Aug. 31, 2017).

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Guiliano Law Group

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