Clifford Ronald Reid of New York New York a stockbroker currently employed by Reid Rudiger LLC is referenced in a customer initiated investment related arbitration claim in which the customer requested $250,000.00 in damages supported by accusations that a stop loss order was not executed on the customer’s over-the-counter equities holdings according to the customers instructions while Reid was associated with Reid Rudiger LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-04303 (Jan. 17, 2019).

FINRA Public Disclosure confirms that Reid is referenced in two more customer initiated investment related disputes pertaining to allegations of his violative conduct during the time that he was associated with firms including Nichols Safina Lerner Co Inc. Particularly, a customer filed an investment related complaint involving Reid’s conduct where the customer sought unspecified compensatory damages founded on accusations that the customer’s investment related instructions had been disregarded.

Thereafter, a customer initiated investment related complaint concerning Reid’s conduct was settled for $20,000.00 in damages supported by allegations that while Reid was associated with Nichols Safina Lerner Co Inc., Reid neglected to abide by the customer’s instructions; violated a fiduciary responsibility to the customer; and made unsuitable over-the-counter equities recommendations, including those resulting in the customer’s purchase of Rankin Automotive Group, Inc.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation. (877) SEC-ATTY

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)

Website

%d bloggers like this: