• January 10, 2020
• Reid & Rudiger

Edward Joseph Rudiger, Jr. (CRD # 2118724) is a Financial Advisor at Reid & Rudiger LLC in New York.  Edward Rudiger has been in the securities industry since 1992 and previously worked at Nichols, Safina, Lerner & Co. and Gruntal & Co.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), Edward Rudiger has six customer complaints filed against him.  Among the customer complaints include the following:

• October 2019 – “Customer alleged sales practice violations including false and misleading statements, excessive trading, breach of fiduciary duty and failure to supervise.” Alleged damages are $220,542 and the matter is currently pending.
• June 2019 – “The customer’s claims relate to allegations of excessive trading and misrepresentation.” Alleged damages are $279,577 and the matter is currently pending.
• July 2012 – “NOTE HOLDER ALLEGED CLAIMS BASED ON ISSUER’S DEFAULT IN PAYING PROMISSORY NOTE ACQUIRED IN 2007”. The matter settled for $700,000.
• December 2019 – “NOTE HOLDERS ALLEGED CLAIMS BASED ON ISSUER’S DEFAULT IN PAYING PROMISSORY NOTES ACQUIRED IN 2004, 2006 AND 2007.” The matter settled for $294,293.

For a copy of Edward Rudiger’s CRD, click https://brokercheck.finra.org/individual/summary/2118724#disclosuresSection.

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients.  To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis.  Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities.  Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters.  We can be reached at 800.931.8452 or by email at mwolper@wolperlawfirm.com.