Goodman & Nekvasil P.A., May Recover Investor Losses – Neal Charles Moon (Neal Moon) Barred from Securities Industry and Permitted to Resign from Waddell & Reed, Inc.
From 2009 until Neal Moon’s resignation in 2015, Neal Moon was licensed with Waddell & Reed, Inc. According to FINRA’s records, Neal Moon was permitted to resign from Waddell & Reed, Inc. on September 18, 2015. Waddell & Reed, Inc. reported to FINRA that Neal Moon admitted involvement in an undisclosed private securities transaction involving a private placement.
Subsequent to Neal Moon’s termination by Waddell & Reed, Inc., FINRA investigated Neal Moon and brought a disciplinary action against Neal Moon. Neal Moon was permanently barred from the securities and investment banking industry on April 4, 2017. FINRA reports that Neal Moon consented to the sanctions and to the entry of findings that Neal Moon participated in nine private securities transactions in which six customers invested a total of $2.64 million in three different entities, and Neal Moon participated in the private securities transactions without providing prior written notice to Neal Moon’s member firm. The findings stated that the six investors’ investments in the private securities transactions constituted securities transactions, and all were effected outside the scope of Neal Moon’s employment with Neal Moon’s firm. The findings also stated that Neal Moon lied to firm investigators when first questioned about Neal Moon’s participation in certain private securities transactions. The findings stated that Neal Moon said his customers were withdrawing money from their firm accounts to contest a lawsuit involving real property they owned in a foreign country. The findings stated that Neal Moon’s representations were false and Neal Moon admitted to firm investigators that Neal Moon lied to them. The findings stated that Neal Moon also falsely certified to the firm in annual compliance questionnaires that Neal Moon had not participated in any private securities transactions.
FINRA reports that a complaint involving Neal Moon’s conduct with Waddell & Reed, Inc. was filed, alleging Neal Moon represented the gains on surrendered annuity as longer-term capital gains, not ordinary income, resulting in unanticipated tax consequences. This complaint was settled.
If you lost any money on investments with Neal Moon, you may be able to recover your losses from Waddell & Reed, Inc. This is because Waddell & Reed, Inc. had a duty to supervise Neal Moon.
If you lost money on investments with Neal Moon and believe 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 Waddell & Reed, Inc. concerning Neal Moon’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 investments with Neal Moon 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: Neal Charles Moon, Neal Moon, Moon, Waddell & Reed, FINRA, SEC, Fraud, Attorney, Broker, Brokerage, Firm, Brokerage Firm, Invest, Lawyer, Securities Lawyer, Goodman and Nekvasil, Nekvasil, Goodman, Investor, Investment, Financial, Financial Services, Securities