Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on August 10, 2017 indicate that former New Hampshire-based Waddell & Reed broker/adviser Curtis Ridlon has received pending regulatory and customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Ridlon (CRD# 1405226).
Curtis Ridlon has spent 31 years in the securities industry and was most recently registered with Waddell & Reed in Bedford, New Hampshire (1985-2016). He has no previous registrations. He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 22 (Direct Participation Programs Representative Examination); and Series 6 (Investment Company Products/Variable Contracts Representative Examination). He is currently not registered with any state or firm.
According to his BrokerCheck report, Curtis Ridlon has received one customer complaint, one regulatory sanction, one pending customer complaint, and one pending regulatory sanction.
In May 2017 the State of New Hampshire Bureau of Securities Regulation named him respondent in a complaint alleging he “engaged in several violations of the New Hampshire Securities Law, including verbally misrepresenting to his clients the nature of financial planning fees he charged those clients.” The complaint remains pending.
In February 2017 a customer alleged Curtis Ridlon, while employed at Waddell & Reed, failed to appropriately manage risk within the account, refused to follow directions, and over-concentrated the account in gold. The customer is seeking $250,000 in damages in the pending complaint.
In 1994 the Vermont Securities Division sanctioned him following allegations he transacted securities business as an unregistered sales representative. He was ordered to pay an administrative penalty of $375.
In 1994 a customer alleged Curtis Ridlon, while employed at Waddell & Reed, solicited them in a state where he did not have a license. The complaint settled for $12,000.
If you or someone you know has lost money investing with Curtis Ridlon, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.