Edward Joseph Rudiger Jr., Broker with Reid & Rudiger LLC, Named in Customer Dispute Alleging Unsuitable Recommendations and Unauthorized Transactions

INVESTORS: Reid & Rudiger LLC broker Edward Joseph Rudiger Jr. was named in a customer dispute alleging unsuitable recommendations and unauthorized transactions.

Edward Joseph Rudiger Jr. (CRD: 2118724) has been registered as a broker with Reid & Rudiger LLC Securities since 1999. Previously, Rudiger  was registered as a broker with Nichols, Safina, Lerner & Co. from 1994 until 1999.

Rudiger has ten disclosures on his BrokerCheck report. Three customer disputes filed against Rudiger were denied. Two disclosures concern personal judgments against Rudiger.

December 2022 Customer Dispute

Status: Pending

Allegations: Unsuitable recommendations, unauthorized transactions, and excessive trading and commissions.

Broker Comment: The customer’s allegations lack merit. The recommendations were suitable, the customer authorized all transactions, and the trading and commissions were not excessive.

August 2022 Customer Dispute

Status: Pending

Allegations: Excessive commissions and excessive trading.

Broker Comment: The customer complaint lacks merit. The commissions were not excessive, and the customer authorized all transactions. The account was highly profitable.

June 2019 Customer Dispute

Status: Award / Judgment

Allegations: The customer’s claims relate to allegations of excessive trading and misrepresentation.

Damage Amount Requested: $279,577.00

Damages Granted: $98,666.00

Broker Comment: Respondents maintained that the customer’s claims lacked merit, that recommendations made to the customer were suitable, and that representations made to him were accurate. In addition, the customer’s account was highly profitable.

July 2012 Customer Dispute

Status: Settled

Allegations: Note holder alleged claims based on issuer’s default in paying promissory note acquired in 2007.

Damage Amount Requested: $886,473.00

Settlement Amount: $700,000.00

Broker Comment: The note holder did not purchase the note from Reid & Rudiger LLC or hold the note in an account with Reid & Rudiger LLC. I disputed the allegations, and the matter was settled without my admitting any wrongdoing. I made no payment toward the settlement.

December 2009 Customer Dispute

Status: Settled

Allegations: Note holder alleged claims based on issuer’s default in paying promissory notes acquired in 2004, 2006, and 2007.

Settlement Amount: $294,293.00

Broker Comment: The note holder did not purchase the notes from Reid & Rudiger LLC or hold the notes in an account with Reid & Rudiger LLC. I disputed the allegations, and the matter was settled without my admitting any wrongdoing. I made no payment toward the settlement.

The Sonn Law Group is currently investigating allegations surrounding Edward Joseph Rudiger Jr.. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.