Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joel Marks (Marks), currently associated with Ameriprise Financial Services, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Marks 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 $10,000.00 on February 04, 2025.
Customer stated she had met with the advisor to establish two 529 accounts for $20,000.00 each. Following review, it was discovered the accounts were never established or funded. As a gesture of goodwill and customer service, CBSI is offering the customer a daily compounded interest payment of 7% going back to what should have been the inception of the accounts (July 6, 2021) and a current date of February 19, 2025. The resulting interest payment is $11,710.00.