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.
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