10.0David P Neuman
(720) 599-3505

WARNING! Impending Investigation: CARLOS BENAVIDEZ, JR., MICHAEL D. RASMOVICH, and WADDELL & REED

SEARCH OUR BLOGS
08
Jan

WARNING! Impending Investigation: CARLOS BENAVIDEZ, JR., MICHAEL D. RASMOVICH, and WADDELL & REED

Posted by admin | 0 Comment
WARNING!  Impending Investigation:  CARLOS BENAVIDEZ, JR., MICHAEL D. RASMOVICH, and WADDELL & REED

Carlos Benavidez Jr., Michael D. Rasmovich, and Waddell & Reed

 

Have you lost money with financial advisor Carlos Benavidez, Jr. and Michael Rasmovich of Louisville, Kentucky?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Carlos Benavidez and Michael Rasmovich. FINRA alleged that Benavidez and Rasmovich exercised discretion in at least 80 customer accounts without prior written authorization, in violation of FINRA rules.  FINRA also alleged that Benavidez and Rasmovich back-dated their notes to falsely reflect that they had conversations with customers.  To settle these allegations, both Benavidez and Rasmovich were fined $10,000 a piece and suspended from the securities industry for two months.

 

Carlos Benavidez was a financial advisor and registered representative of Waddell & Reed from August 2006 to February 2015.  Michael Rasmovich was a financial advisor and registered representative of Waddell & Reed from September 2007 to February 2015.  They worked at a branch office in Louisville, Kentucky.

 

Brokerage firms like Waddell & Reed have a 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 the Seattle area.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Kentucky. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Waddell & Reed, LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.

 

Click to view:  Rasmovich FINRA AWC

Click to view:  Rasmovich BrokerCheck 1.6.16

Click to view:  Benavidez FINRA AWC

Click to view:  Benavidez BrokerCheck 1.6.16

 

HAVE YOU LOST MONEY WITH CARLOS BENAVIDEZ, MICHAEL RASMOVICH, or WADDELL & REED?    

             CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CASE EVALUATION

                Denver Office: (720) 599-3505

                Seattle Office: (206) 795-5798

 

 

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.
10.0David P Neuman

FREE CASE EVALUATION

DENVER: (720) 599-3505

SEATTLE: (206) 795-5798


Copyright © 2020 Israels Neuman, PLC. All Rights Reserved | Sitemap