The FINRA records of David Kyle Ridenour , a stockbroker who is currently employed by Wells Fargo Clearing Services , disclose a pending customer dispute and two prior customer disputes.
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 February 2018 a customer of Wells Fargo filed a FINRA complaint alleging that Ridenour made unsuitable investment recommendations in high risk speculative stocks and bonds. The complaint alleged damages in excess of $250,000.
In 2017, another customer of Wells Fargo was paid $47,500 to resolve allegations that RIdenour had made risky and aggressive investment recommendations in energy securities. The customer also alleged that Ridenour had made trades without first consulting with the customer.
Ridenour has been employed by Wells Fargo since 2012. Prior to that he was employed by Morgan Stanley.
If you have questions about an account handled by Kyle Ridenour , contact us for a no charge consultation to learn how you may be able to recover 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.
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