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Elvis Parkes: Investor Complaints Against New York City Adviser

Investor complaints against New York City financial adviser Elvis Parkes (CRD#: 2358223) allege conduct including unsuitable recommendations, unauthorized trading, and excessive transactions. Parkes is a representative of Reid & Rudiger, where he has been registered since 2008, according to information drawn from Financial Industry Regulatory Authority records.

A pending 2018 complaint alleges that as a representative of Reid & Rudiger, Elvis Parkes executed excessive and reckless trading. The complaint alleges unspecified damages.

A 2018 complaint alleged that as a representative of Reid & Rudiger, Elvis Parkes made unsuitable recommendations of over-the-counter equity securities. The complaint reached a settlement in 2019 of $35,000.

A 2016 complaint alleged that as a representative of Reid & Rudiger, Elvis Parkes recommended unsuitable over-the-counter and common and preferred stock products. The complaint reached a settlement of $65,000.

A 2007 complaint alleged that as a representative of First Republic Group, he executed an unauthorized trade. The complaint reached a settlement of $5,000.

A 2006 complaint alleged that as a representative of First Republic Group, he made excessive commission charges in connection to equity investments. The complaint reached a settlement of $131,000.

A 2006 complaint alleged that as a representative of First Republic Group, he recommended an unsuitable transaction. The complaint reached a settlement of $118,109.46.

A 2006 complaint alleged that as a representative of First Republic Group, he made unauthorized trades. The complaint reached a settlement of $1,224.55.

Elvis Parkes has been registered as a broker with Reid & Rudiger in New York City since 2008. His employment history includes Capital Growth Financial in New York City; First Republic Group in New York City; Briarwood Investment Counsel in New York City; Nichols Safina Lerner & Company in New York City; the Boston Group in Los Angeles, California; and Gruntal & Company in New York City. He currently holds 34 state licenses and has passed three securities industry qualification examinations.

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By submitting this form I acknowledge that form submissions via this website do not create an attorney-client relationship, and any information I send is not protected by attorney-client privilege.

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