Securities Broker Jeff Cleckner Discloses Disputes By Waddell Reed Clients, First Union Clients

FINRA BrokerCheck shows disputes about Jeffrey Dale Cleckner “Jeffery Dale Cleckner” (CRD#: 2500377, Indianapolis, Indiana). Evidently, Cleckner worked as a securities broker and financial advisor for Waddell Reed from 2011 to 2017. Previously, he worked for First Union Securities. You’ll want to take a closer look at the allegations of unauthorized or unsuitable trading as reported on BrokerCheck. However, bear in mind that the broker denies alleged sales practice violations.

Waddell Reed Client Alleges Unauthorized Withdrawals By Jeff Leckner, According To FINRA Arbitration Claim

Notably, FINRA BrokerCheck shows that a Waddell Reed client objected to Jeff Cleckner’s sales practices by bringing an investment dispute dated April 20, 2020. Supposedly, the client experienced damages by investing in mutual funds and a managed allocation portfolio. The investor’s dispute against the securities firm alleges that the broker engaged in unauthorized trading (withdrawals from IRA in 2017) and that the client’s signature was not placed on three forms used in connection with the withdrawals. Evidently, Waddell Reed paid $35,000 in damages to the client per a settlement on March 21, 2022.

First Union Securities Client Alleges Damages On Options Trading

It seems that a First Union Securities client disputed Jeff Cleckner’s actions, according to a dispute. Supposedly, the client sustained $29,825 in damages because of Cleckner’s actions connected to the client’s investments. The client’s causes of action against the securities firm include unsuitable trading (trading failed to align with the parameters discussed with the broker). Although, following a review of the client’s allegations, the securities firm opted to deny the client’s claim.

Losses Through Jeff Cleckner?

Did you suffer losses because of securities broker Jeff Cleckner? You can get in touch with Soreide Law Group at (888) 760-6552 to chat with a helpful securities lawyer about a possible recovery of your losses. We take cases on a contingency fee basis and advance all costs. The firm has recovered considerable compensation for hundreds of United States investors who have sustained damages from securities brokers and financial advisors. Please note that Cleckner denies all allegations of sales practice violations.

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