FINRA Finds Ameriprise Financial Liable to Customer

Ameriprise was sued by a customer in Case #12-3595 for breach of fiduciary duty, professional negligence, misrepresentation, material omission of fact and failure to supervise. In April 2013, an arbitration panel from the Financial Industry Regulatory Authority (FINRA) found in favor of the customer and awarded compensatory damages of $19,454, plus interest and some costs. The customer had sued for #23,462.

If you believe you are a victim of stockbroker fraud or negligence, you may be able to recover losses through FINRA arbitration which is much quicker and less costly than litigation in court. Most cases are done on a contingent fee basis and are generally completed in a year or less.

If you have questions or complaints about losses in your brokerage account, call us for a no charge consultation.

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Rex Securities Law

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