Steve Ridgley – Financial Advisor Steve Ridgley Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Steven Ridgley CRD #4263203
From 2000 until Steven Ridgley’s firing in 2015, Steven Ridgley was licensed with Waddell & Reed, Inc. Steven Ridgley was subsequently licensed with International Assets Advisory, LLC. According to FINRA’s records, Steven Ridgley was fired by Waddell & Reed, Inc. on January 27, 2015. Waddell & Reed, Inc. reported to FINRA that Steven Ridgley used discretion in multiple client accounts without written authorization in violation of Waddell & Reed, Inc.’s policies.
Subsequent to Steven Ridgley’s firing from Waddell & Reed, Inc. FINRA investigated Steven Ridgley and brought a disciplinary action against Steven Ridgley. FINRA reports that Steven Ridgley consented to a $10,000 fine and a 2 month suspension from the securities and investment banking industry. According to FINRA, Steven Ridgley also consented to findings that Steven Ridgley exercised discretion in effecting hundreds of securities transactions in customers’ accounts, when Steven Ridgely did not obtain prior written authorization from Steven Ridgley’s customers to exercise discretion in their accounts, or prior written approval from Steven Ridgley’s member firm for discretionary trading in these accounts.
FINRA also reports that Steven Ridgley has an outstanding tax lien against him held by the IRS in the amount of $71,800.
If you lost any money on investments with Steven Ridgley, you may be able to recover your losses from Waddell & Reed, Inc. and/or International Assets Advisory, LLC. This is because Waddell & Reed, Inc. and International Assets Advisory, LLC had a duty to supervise Steven Ridgley.
If you lost money on investments with Steven Ridgley 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 Waddell & Reed, Inc. and/or International Assets Advisory, LLC concerning Steven Ridgley’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 has recovered more than $170 million on behalf of victimized investors. If you lost money on investments with Steven Ridgley 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.
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