DID ELVIS SYLVESTER PARKES CAUSE YOU INVESTMENT LOSSES?
Elvis Parkes Of Reid & Rudiger Has 11 Customer Complaints For Alleged Broker Misconduct
Who is Elvis Parkes of Reid & Rudiger?
Elvis Parkes (CRD #2358223) who is currently registered with Reid & Rudiger and located in New York, New York is a subject of one of our many securities industry sales practice abuse investigations.
Elvis Parkes has also been investigated by to regulators, the NASD and the State of Illinois. He was previously sanctioned by the NASD for alleged unauthorized trading and suspended for 35 days, ordered to pay restitution to the customers, and fined $5, 000.
Elvis Parkes Customer Complaints
Elvis Parkes has been the subject of 11 customer complaints that we know about. Seven of Elvis Parkes’ 11 customer complaints were settled in favor of investors. Four of Elvis Parkes’ customers’ complaints were denied and, to date, the customers have not taken any further action.
Allegations Against Elvis Parkes
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Client alleged Elvis Parkes’ made unsuitable recommendations.
- Customer alleged Elvis Parkes’ sales practice violations including unsuitability, excessive trading, negligent supervision, and breach of fiduciary duty.
- Customer alleged excessive commission charges by Elvis Parkes.
- Customer alleged unsuitable recommendations by Elvis Parkes.
- Elvis Parkes’ alleged poor performance, lack of communication.
- Elvis Parkes’ alleged unauthorized trade.
- Unauthorized trading allegedly by Elvis Parkes.
- Unsuitable transaction allegedly made by Elvis Parkes.
Elvis Parkes Red Flags & Your Rights As An Investor
Of course, Elvis Parkes 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 Elvis Parkes at Reid & Rudiger on alert to review carefully the activity and performance of their accounts and question whether Elvis Parkes has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Reid & Rudiger also raises questions about the brokerage firms’ 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 Reid & Rudiger Due To Elvis Parkes
If you have questions about Reid & Rudiger and/or Elvis Parkes 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.