Category Archives: Waddell & Reed

Neal Moon-Former Waddell & Reed Broker-Discloses Settlement and Termination from Employment-Dallas, TX

April 2017-Dallas, TX 

According to publicly available records Neal Charles Moon, (CRD#3271716) ,  a  stockbroker who is not currently registered and who last was employed by  Waddell & Reed  discloses a prior regulatory event, a prior final customer dispute and a termination from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In 4/2017 Moon was permanently barred from the securities industry by FINRA to resolve allegations that Moon participated in private securities transactions without providing written notice to his member firm. In addition the complaint alleged that Moon lied to firm investigators when first questioned about the private securities transactions.

In FINRA 2/2014 a customer of Waddell & Reed alleged unspecified damages of in connection with the advice they were given regarding the surrender of an annuity and the tax consequences associated therewith. That case was settled for $16,929.

In 9/2015, Moon was ‘permitted to resign’ from Waddell & Reed who made the following allegation on Moon’s FINRA record: “RR admitted involvement in an undisclosed private securities transaction.”

Moon was employed by Waddell & Reed from 10/2009-10/2015.

If you have questions about an account in an account handled by Neal Moon  contact us to discuss your legal options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Neal & Natalie Moon-Former Waddell & Reed Brokers-Named in Regulatory Complaint-Dallas, TX

July 2016- Dallas, TX

FINRA Department of Enforcement filed Disciplinary Proceeding 2015046926801 against Neal Charles Moon (CRD 3271716) and his wife Natalie E. Fogiel Moon (CRD 5010360) alleging that from 2/2012-8/2015 they participated in nine private securities transactions that raised $2.64 million without providing their employer Waddell & Reed with written notice as required by NASD and FINRA rules.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

The complaint also alleges that Neal Moon lied to an investigator from Waddell & Reed about his participation in the private securities transactions in violation of FINRA Rule 2010.

The securities set forth in the FINRA complaint are:

  • Boxx Technologies
  • NMN Boxx
  • Total Operating LLC
  • Hoffbrau Steaks
  • CCBRAU Ltd.

Neal Moon was registered with Waddell & Reed from 10/2009-10/2015 when he was permitted to resign following his admission that he participated in private securities transactions.

If you have questions about an account in an account handled by Neal Charles Moon, contact us to discuss your legal options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

William F. Albin-former Waddell & Reed Broker-Discloses Discharge

July 2016- Las Vegas, NV

According to publicly available records William F. Albin , (CRD# 1744984) ,  a  stockbroker who is currently unregistered discloses that he was discharged from Waddell & Reed, Inc. in July 2016.

Waddell & Reed made the following allegation on Albin’s regulatory record in connection with the discharge: “RR (registered representative) used discretion in multiple client accounts without written authorization in violation of the firm’s policies”

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

Albin  was registered with Waddell & Reed from 4/2015-7/2016. His prior employments in the securities industry include Metlife Securities, New England Securities, Wedbush Securities and RBC Dain Rauscher.

Public records disclose that Albin voluntarily resigned from RBC Dain Rauscher in 2003. RBC Dain Rauscher made the following allegations in connection with that incident:“In the course of conducting routine surveillance of client accounts, concern were raised about Mr. Albin exercising discretion in certain client accounts without written authority.”

Discretionary trading is listed a Prohibited Conduct by FINRA, who states: “Purchasing or selling securities in a customer’s account without first contacting the customer and receiving the customer’s authorization to make the sale or purchase, unless the broker has received from the customer written discretionary authority to effect transactions in the account or the broker was given discretion as to price and time.”

If you have questions about an account in an account handled by William F. Albin , contact us to discuss your legal options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Dominic DeBruin-Former LPL Financial Broker-Barred From Securities Industry

November 2016-Mesa, AZ

The FINRA records of  Dominic T. DeBruin,  a  former stockbroker with LPL Financial,  disclose that he has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

DeBruin, without admitting or denying the findings, consented to the sanction and entry of findings that he refused to provide information and documents and to appear for on the record testimony as requested by FINRA in connection with an investigation for depositing client funds related to potential private securities transactions undisclosed to his employer into his personal bank account.

Prior to working for LPL Financial, DeBruin was employed by Waddell & Reed.

If you have losses in an account in an account handled by Dominic DeBruin , contact us to discuss how you may be able to recover damages for those losses.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Gregory Bauer-Former H. Beck Broker-Barred from Securities Industry for Theft

October 2016-Moon Township, PA

The FINRA records of  Gregory R. Bauer,  a  former stockbroker who most recently was  employed by  H. Beck, Inc.  disclose a final regulatory event and a termination from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In recently resolved FINRA Case 2016051501801, Bauer was permanently barred from the securities industry to resolve allegations that he forged the signatures of firm customers, caused the unauthorized sale of securities, intercepted checks in the mail, deposited the checks in his own bank account, and used the funds for his personal expenses without permission. The findings state that Bauer took more than $400,000 from the customers.

In September 2016 Bauer was discharged by H. Beck, Inc. who made the following allegation on Bauer’s FINRA record: “Misappropriated funds of two client accounts at his prior broker dealer Waddell & Reed.”

Bauer was employed by H. Beck, Inc. from 10/2013-9/2016. Prior to that he was employed by Waddell & Reed from 10/2004-10/2013.

If you have losses in an account handled by Gregory R. Bauer, contact us to discuss how you may be able to recover damages for those losses.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Paul Jacobs-Caldwell Securities Broker-Discloses Regulatory Action

Austin, Texas

According to FINRA records,  Paul Jacobs  a stockbroker who is currently  employed by Caldwell International Securities, discloses  a pending regulatory investigation .

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In FINRA Case 2014039091903, FINRA alleges that Jacobs failed to establish and maintain a system to supervise the activities of Caldwell International Securities that was reasonably designed to achieve compliance with applicable securities laws and regulations as well as NASD/FINRA rules.

The complaint alleges that Jacobs failed to monitor for, detect and, when detected, investigate multiple instances of potential misconduct th the firm’s brokers involving unsuitable active trading investment strategies, unsuitable ETFs, discretionary trading without written authorization and excessive trading/churning in multiple customer accounts across multiple branches of the firm. This matter is currently pending.

Jacobs was previously employed by Veritrust Financial and Waddell & Reed.

If you have questions about an account handled  by Paul Jacobs or questions about your account at Caldwell International Securities, call for a no charge consultation.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Ryan Boggs-Former Broker With MNR Executions-Discloses Receipt of Wells Notice

Chicago, IL

UPDATE AUGUST 2016– According to public records, Ryan Boggs is named in Case #16-0023/ 20150459600 filed by the Chicago Board of Options Exchange alleging that Boggs, on behalf of MNR Executions, LLC, violated Exchange Rules 4.1, 6.43, 6.45B, 6.73 and 6.74 mirroring cross trades.

According to FINRA records, Ryan R. Boggs   a broker who is currently registered  with Waddell & Reed , discloses that he is being investigated by securities regulators.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

Ryan R. Boggs  recently disclosed that he had received a WELLS letter from FINRA regarding the trade that happened on CBOE on VIX on April 10, 2014.

A WELLS Notice is a letter that the U.S. Securities & Exchange Commission (SEC) sends to people or firms when it is planning to bring an enforcement actions against them. The notice indicates that the SEC staff has determined it may bring a civil action against a person or firm, and provides the person or firm the opportunity to provide information as to why the enforcement action should not be brought.

Ryan Boggs has been registered with Waddell & Reed since3/2015. He was previously registered with MNR Executions from 10/2013-1/2015. The VIX is the ticker symbol for the Chicago Board of Trade (CBOE) Volatility Index, a popular measure of the implied volatility of the S&P 500 index.

If you have questions about  a brokerage account handled by Ryan Boggs call to discuss your legal options. You may be entitled to damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870