Securities Lawyers Blog
Previously financial advisor David Sladek (Sladek), previously employed by brokerage firm Ameriprise Financial Services, INC. 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 $263,000.00 on December 07, 2021.
Customer allegations include Violation of Federal Securities Laws, Violation of Minnesota Securities Laws, Violation of the Minnesota Consumer Fraud Act, Uniform Deceptive Trade Practices Act, Fales Statement in Advertisement Act and Unlawful Trade Practices Act, Breach of Contract, Common Law Fraud, Breach of Fiduciary Duty, Negligence and Gross Negligence resulting from the purchase of three Non-Traded REITs in 2014-15.