Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Randy Wilson (Wilson), previously associated with Ameriprise Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Wilson 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 $250,000.00 on February 04, 2022.
Claimant alleges that in July 2021, she discovered that her former advisor: obtained a POA for her accounts; induced her to execute a new Will appointing himself him as Executor and a beneficiary of her Estate; obtained a life insurance policy and a variable annuity naming himself a beneficiary through the Estate; and obtained approximately $83k in loans from Claimant which have not been repaid. . On 8/23/22, Ameriprise Financial filed a Third-Party Statement of Claim against Wilson for contractual and common law indemnification.