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Brett Matthew Ramsey Of Waddell Reed Has 2 Customer Complaints For His Alleged Broker Misconduct

Who is Brett M. Ramsey of Waddell Reed?

Brett Ramsey (CRD #4590083) who is currently registered with Waddell Reed and located in Indianapolis, Indiana is a subject of one of our many securities industry sales practice abuse investigations. Prior to Waddell Reed, Brett Ramsey was associated with Sheridan Road and 10 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Brett Ramsey Customer Complaints

In his career, Brett Ramsey has been the subject of 2 customer complaints that we know about, one of those complaints was filed in the last two years to recover investment losses. One of Brett Ramsey’s 2 customer complaints was settled in favor of investors. There is currently one pending customer complaint filed against WFG Investments for investment losses caused by Brett Ramsey’s alleged misconduct.

Allegations Against Brett Ramsey

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • Claimants allege failure to conduct adequate due diligence into a private placement investment they purchased, prior to offering it for sale to its customers. Claimants allege that the product sponsor committed fraud and eventually caused them monetary loss.
  • Claimant alleges failure to conduct adequate due diligence, resulting in an unsuitable recommendation. The allegations are a result of securities purchases by the Claimant based upon the recommendations and assertions made by Brett Ramsey, who is not a named party to the arbitration.

Brett Ramsey Red Flags & Your Rights As An Investor

Of course, Brett Ramsey did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Brett Ramsey at Waddell Reed on alert to review carefully the activity and performance of their accounts and question whether Brett Ramsey has engaged in any stockbroker misconduct that may have caused them investment losses. There have been a large number of customer complaints at Waddell & Reed which also raises questions about its supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Waddell Reed

If you have questions about Waddell Reed and/or Brett Ramsey and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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