Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Shawn Bumgardner (Bumgardner), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bumgardner recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $500,000.00 on October 04, 2022.
Shawn Bumgardner was a subject of the customer’s complaint against his member firm that asserted the following causes of action: violation of the Michigan Uniform Securities Act; negligence; failure to act in Claimant’s best interest; misrepresentation and omission of material facts; violations of other industry standards of care, including FINRA Rules 2010, 2090, 2020, and 3110; breach of fiduciary duty; breach of contract; and respondeat superior.