Stephen Eldridge Ridgely II Barred from Securities Industry – Goodman & Nekvasil P.A, May Recover Your Losses on Options

Goodman & Nekvasil P.A, May Recover Your Losses on Options - Stephen Eldridge Ridgely II Barred from Securities Industry 

Stephen Ridgely II was formerly licensed with Ameriprise Financial Services, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated. Stephen Ridgely II was barred from the securities and investment banking industry by the Financial Industry Regulatory Authority (FINRA) in October 28, 2014. FINRA reports that pursuant to FINRA Rule 9552(H) and in accordance with FINRA’s notice of suspension from association letters dated July 25, 2014 and August 18, 2014 respectively, on October 28, 2014 Stephen Ridgely II is barred from association with any FINRA member in any capacity. Stephen Ridgely II failed to request termination of his suspension within three months of the date of the notice of suspension; therefore, Stephen Ridgely II is automatically barred from association with any FINRA member in any capacity.

Prior to this action, according to FINRA, five arbitration claims and/or complaints involving Stephen Ridgely II’s conduct with Ameriprise Financial Services, Inc. and/or Merrill Lynch, Pierce, Fenner & Smith Incorporated were filed, alleging unauthorized transactions, unauthorized trading, unsuitable investment recommendations, excessive trading, misrepresentation, and/or omission of material facts related to options. These five arbitration claims and/or complaints all settled, with the two largest settling for $745,000 and $180,000.

FINRA also reports that a previous complaint involving Stephen Ridgely II’s conduct related to call options was settled for $111,261.26.

If you lost any money on options or other investments with Stephen Ridgely II while Stephen Ridgely II was employed with Ameriprise Financial Services, Inc. and/or Merrill Lynch, Pierce, Fenner & Smith Incorporated, you may be able to recover your losses from Ameriprise Financial Services, Inc. and/or Merrill Lynch, Pierce, Fenner & Smith Incorporated. This is because Ameriprise Financial Services, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated had a duty to supervise Stephen Ridgely II.  

If you lost money on options or other investments with Stephen Ridgely II and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Ameriprise Financial Services, Inc. and/or Merrill Lynch, Pierce, Fenner & Smith Incorporated concerning Stephen Ridgely II’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $300 million on behalf of victimized investors. If you lost money on options or other investments with Stephen Ridgely II and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.   

 

Keywords: Stephen Eldridge Ridgely II, Stephen Ridgely, Ridgely, Ameriprise Financial, Merrill Lynch, SEC, FINRA, Investment, Investor, Goodman and Nekvasil, Nekvasil, Goodman, 

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