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Rusty Coyle Of Waddell & Reed Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Rusty Coyle of Waddell & Reed?

Rusty Coyle (CRD #4355534) who is currently registered with Waddell & Reed and located in Waukesha, Wisconsin is a subject of one of our many securities industry sales practice abuse investigations.

Rusty Coyle Customer Complaints

Rusty Coyle has been the subject of 2 customer complaints that we know about. One of Rusty Coyle’s customers’ complaints was denied and, to date, the customer has not taken any further action. There is currently one pending customer complaint filed against Waddell & Reed for investment losses caused by Rusty Coyle’s alleged misconduct.

Allegations Against Rusty Coyle

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 he incurred higher management fees that were not disclosed to him by Rusty Coyle when moving one wrap account to another while with W&R. Client also alleged that Mr. Coyle did not inform him of the contingent deferred sales charges associated with his account that he incurred when he moved his account to another broker/dealer.
  • Client alleged Rusty Coyle did not process a rollover in a timely manner and, as a result, her account value diminished from the day she originally expected the rollover to occur.

Rusty Coyle Red Flags & Your Rights As An Investor

Of course, Rusty Coyle 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 Rusty Coyle at Waddell & Reed on alert to review carefully the activity and performance of their accounts and question whether Rusty Coyle has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Waddell & Reed 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 Waddell & Reed Due To Rusty Coyle

If you have questions about Waddell & Reed and/or Rusty Coyle 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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