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Rick Waddell Allegedly Executed an Unauthorized Annuity Transactions

Rick Waddell (CRD #: 1904270), a broker registered with Osaic Wealth, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on May 29, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On March 11, 2024, an investor alleged that Rick Waddell executed unauthorized annuity transactions. The dispute was denied, but investors should know that firms can deny disputes without any external review. Investors can still recover following a denial. 

Unauthorized Trading

Unauthorized trading violates FINRA Rule 3260, which limits brokers to exercising their trading discretion in pre-approved discretionary accounts.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. 

Background Information 

Rick Waddell has passed the following exams: 

  • Series 66 – Uniform Combined State Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered broker in 11 states and is a registered investment adviser in Georgia. 

During his 33 years of experience, Rick Waddell has registered with five firms: 

  • Osaic Wealth (CRD #: 23131) 
  • Woodbury Financial Services (CRD #: 421) 
  • AXA Advisors (CRD #: 6627) 
  • Pruco Securities Corporation (CRD #: 5685) 
  • The Prudential Insurance Company of America (CRD #: 680) 

Kurta Law Can Help 

If you have worked with Karen Schmidt and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.

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