Options for Former Customers of Reid & Rudiger LLC Broker Edward Rudiger Jr.
Posted on Wednesday, January 29th, 2020 at 9:37 pm
Reid & Rudiger LLC broker Edward Rudiger Jr. (CRD# 2118724) faces customer complaints regarding investment losses. Rudiger has been registered with Reid & Rudiger LLC in New York, New York since 1999.
Rudiger has been the subject of six customer complaints between 1997 and 2019, two of which were denied, according to his CRD report:
October 2019. “Customer alleged sales practice violations including false and misleading statements, excessive trading, breach of fiduciary duty and failure to supervise.” The customer is seeking $220,542 in damages and the case is currently pending. The complaint was regarding common and preferred stocks and equity OTC.
June 2019. “The customer’s claims relate to allegations of excessive trading and misrepresentation.” The customer is seeking $279,577 in damages and the case is currently pending. The complaint was regarding equity OTC.
July 2012. “Note holder alleged claims based on issuer’s default in paying promissory note acquired in 2007.” The customer sought $886,473 in damages and the case was settled for $700,000. The complaint was regarding promissory notes.
December 2009. “Note holders alleged claims based on issuer’s default in paying promissory notes acquired in 2004, 2006 and 2007.” The case was settled for $294,293. The complaint was regarding promissory notes.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Reid & Rudiger LLC may be liable for investment or other losses suffered by Rudiger’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.