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Advisor DONALD LOGAN of Waddell & Reed SUSPENDED


Advisor DONALD LOGAN of Waddell & Reed SUSPENDED

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Advisor DONALD LOGAN of Waddell & Reed SUSPENDED

Donald Logan from Silverdale, Washington Suspended for Eighteen Months from Securities Industry


Have you lost money with financial advisor Donald Logan of Silverdale, Washington?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Donald Logan. FINRA suspended Logan from the securities industry for eighteen months and fined him $25,000.  FINRA alleged that Logan had customers sign blank forms to later effect transactions on behalf of clients while he was affiliated with Waddell & Reed.  Logan was also alleged to have engaged in unauthorized trading on 11 occasions while he was with Edward Jones, and he also failed to report that he had four civil judgments or compromises against him.


Donald Logan was a financial advisor and registered representative of Edward Jones from August 2008 to July 2015.  He was also affiliated with Waddell & Reed from October 2015 to October 2018.  He worked at branch offices in Silverdale, Washington.  His BrokerCheck report also discloses that he has one customer complaint on his record, and that he was also terminated by both Edward Jones and Waddell & Reed.


Brokerage firms like Edward Jones and Waddell & Reed have the responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.


Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and Seattle, Washington.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Washington and the Seattle area in the past, and we have an office in downtown  Seattle. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Edward Jones and Waddell & Reed.


Click to view:  Logan, Donald FINRA AWC

Click to view:  Logan, Donald BrokerCheck 1.14.19


If you lost money with Donald Logan, Edward Jones, or Waddell & Reed, please CONTACT US at 206-795-5798 for a free evaluation of your case.



Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.



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