Gregory Bauer, a former Waddell & Reed broker, was barred from the industry. Before that, Mr. Bauer had been registered with Waddell & Reed from 2004 until 2013. Mr. Bauer had been a registered representative serving his parents accounts, and allegedly, without permission or their knowledge, Mr. Bauer forged their signatures on withdrawal request forms he submitted. These caused securities to be sold from his parents accounts and caused checks to be issued to them. But Bauer, allegedly, intercepted the checks that had been mailed to his parents, and deposited them into his personal bank account. He then used the funds for his personal expenses without permission. These are against securities rules and regulations.
Gregory Bauer was registered with H. Beck in Bethesda, Maryland from January 2003 until October 2004, Waddell & Reed in Pittsburgh, Pennsylvania from October 2004 until October 2013 and Moon Township, Pennsylvania from October 2013 until September 2016. He is not licensed within the industry and FINRA has permanently barred him. Please call our law offices today if you feel like you may have a claim against Waddell & Reed, Bauer’s former firm. We are securities attorneys who may be able to help you recover investment loses. The call to us is free. 312-332-4200.