Articles Tagged with Ameriprise Financial Services

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Francisco Cabral (Cabral), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Cabral recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $150,000.00 on January 12, 2026.

Allegations: unsuitability, misrepresentations and omissions and breach of fiduciary duty. Allegation period: April 16, 2019, the date of the first purchase of Energy 12 to January 12, 2026, the date the SOC was received.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Craig Eastwood (Eastwood), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Eastwood recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on March 15, 2021.

Claimant alleges that in November 2017 her advisor recommended an unsuitable investment in a non-qualified variable annuity. Claimant seeks unspecified damages.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Douglas Smith (Smith), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Smith recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $14,540.88 on March 17, 2021.

The client alleged an equity security was sold in January 2021 without her authorization.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Todd Bauman (Bauman), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bauman recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $1,409,721.00 on March 31, 2021.

Claimant alleges that he was given negligent investment advice and recommended unsuitable investments resulting in investment losses in excess of $800,000.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lonnie Benzinger (Benzinger), previously associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Benzinger recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $146,000.00 on April 05, 2021.

Claimants allege that they were was recommended an unsuitable, high-commission, high-risk, and speculative alternative investments: FSKR, FSEnergy and CNL Healthcare Properties REIT.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Mukomela (Mukomela), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Mukomela recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $100,000.00 on April 09, 2021.

The complainants allege that in 2014, they were solicited by the rep to invest in a REIT and were told that it was a solid, asset backed investment that would pay consistent income with principal protection. They have since learned that income is no longer being  paid, it is non-traded, rated below investment grade and is subject to volatility, which has caused them to be financially damaged.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Patrick Everett (Everett), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Everett recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $5,000.00 on May 07, 2021.

The client alleged the advisor did not make investment recommendations in a timely manner in 2021.

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Currently financial advisor Richard Martin (Martin), currently employed by brokerage firm Ameriprise Financial Services, LLC has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements.  The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $330,430.00 on May 07, 2021.

The clients stated that they were provided incorrect amounts for their Required Minimum Requirement (RMD) distributions for 2014 and 2015 and were sold illiquid insurance policies (April 1991 through April 2015), annuities (April 2006 through April 2013), and a non-traded REITs (February 2009 through August 2014) that were inappropriate for their ages.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sarah Reznick (Reznick), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Reznick recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $48,650.00 on May 18, 2021.

The client alleges the financial advisor provided misleading advice and misrepresented the sales charges associated with the purchase of John Hancock Funds in his account in April of 2021.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stephen Allex (Allex), previously associated with Ameriprise Financial Services, LLC, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Allex recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $100,000.00 on June 18, 2021.

Claimant alleges former registered representative recommended unsuitable investments.

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