National investment loss lawyers KlaymanToskes is investigating broker Edward Rudiger of Reid & Rudiger (CRD #2118724).
According to FINRA BrokerCheck, broker Edward Rudiger of Reid & Rudiger is currently facing a pending investor complaint alleging $1,200,000 in investor damages due to breach of fiduciary duties and contract, unsuitable recommendations, and unfair commissions. A second pending investor complaint also alleges that Rudiger breached his fiduciary duty, recommended unsuitable investments, breached contract, and generated unfair commissions, with alleged damages of $50,000. Rudiger is also currently being investigated by FINRA (Wells Notice examination #20190606476).
Investors that suffered losses with broker Edward Rudiger are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Edward Rudiger, a financial advisor from New York, NY, is facing several complaints from investors, according to records from the Financial Industry Regulatory Authority (FINRA). Rudiger works as a broker with Reid & Rudiger and has been hit with several complaints from investors alleging unsuitable investment recommendations. The most recent complaint alleges $50,000 in damages, while another complaint alleging $1,200,000 in damages also alleges Rudiger failed to act in the best interest of his clients by making unsuitable investment recommendations, and charging unfair commissions. In 2022, a third complaint was filed against Rudiger, alleging he made unauthorized transactions, recommended unsuitable products, and traded excessively. Additionally, a fourth complaint from 2022 alleged Rudiger charged too much in commissions and made unauthorized trades. The fourth complaint was reportedly settled in 2023 for $15,000.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Edward Rudiger. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Edward Rudiger, or have concerns regarding your investment portfolio at Reid & Rudiger, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.