Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mercedita Noland (Noland), previously associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Noland 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 $11,000.00 on April 11, 2022.
The customer alleges the mutual fund she purchased was high risk and not suitable for her situation. In addition, the customer alleges that though it was disclosed that an IRA to ROTH conversion would be a taxable event, the amount of taxes that would be due was not disclosed, nor did the RR refer the customer to a tax professional for advice prior to the conversion transaction.