Tag Archives: Ameriprise Financial Services complaint

Darren McFadden-Cowboy Running Back- Files Lawsuit Against Ameriprise Financial

May 2017- Dallas, TX

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Tom Parks, Jr.-Former Ameriprise Broker-Discloses Numerous Customer Disputes Over Oil & Gas Master Ltd. Partnerships-Stephenville, TX

April 2017-Stephenville, TX 

According to publicly available records Tom Gilliam Parks, Jr. , (CRD#1558909) ,  a  stockbroker who is not currently registered and who last was employed by Ameriprise Financial Services  discloses 14 pending customer disputes, 8 prior final customer disputes and a termination from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

The pending customer disputes include:

  • FINRA arbitration 17-0563 in which an Ameriprise customer alleges damages of $113,486 for unsuitable investments, including investments in annuities
  • FINRA arbitration 17-0026 in which an Ameriprise customer alleges damages of $335,000 for unsuitable investments in mutual funds and oil & gas master limited partnerships
  • FINRA arbitration 16-03649 in which an Ameriprise customer alleges damages of $180,000 for unsuitable investments in  oil & gas master limited partnerships
  • FINRA arbitration 16-03125 in which an Ameriprise customer alleges damages of $101,000 for unsuitable investments in  oil & gas master limited partnerships, a closed end mutual fund and a business development company (BDC)

Six of the prior final customer disputes have been resolved by cash settlements, including:

  • FINRA Case 16-03529 in which an Ameriprise customer alleged damages of $95,000 for unsuitable investments in oil & gas master limited partnerships, and a  RiverSource variable universal life policy. That case was settled for $50,000.
  • FINRA Case 16-01069 in which an Ameriprise customer alleged damages of $244,000 for unsuitable investments in equities, funds and oil & gas master limited partnerships. That case was settled for $175,000.
  • FINRA Case 16-0653 in which an Ameriprise customer alleged damages of $148,000 for unsuitable investments in an annuity, an exchange traded fund (ETF) mutual funds and oil & gas master limited partnerships. That case was settled for $70,000.

Tom Parks was employed by Ameriprise Financial Services from 12/1993-4/2016. In 4/2016 Parks was ‘permitted to resign’ from Ameriprise who made the following allegation on his FINRA record: “Registered representative resigned while on heightened supervision for violations of company policy related to suitability, client disclosure and outgoing correspondence.”

If you have losses in an account handled by Tom Parks, Jr. you may be able to recover damages from his former employer through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Shane D. Ireland-Former Edward Jones Broker-Discloses Termination From Employment-Stuart-FL

Stuart, Florida

According to publicly available records Shane David Ireland  , (CRD# 5891934) ,  a   currently unregistered stockbroker who last worked for Ameriprise Financial Services,  discloses  a termination from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In June 2016 Shane D. Ireland was discharged from Edward Jones who alleged that Ireland had violated the firm’s policy on discretionary orders.

 

Ireland was registered with Ameriprise from 7/2016-12/2016 and with Edward Jones from 3/2011-6/2016.

If you have questions about an  investment account handled by Shane D. Ireland , call for a no charge consultation.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Renee R. Fields-Former Ameriprise Broker- Discloses Separation From Employment-Dallas, TX

January 2017-Dallas, Texas

The FINRA records of  Renee Rochelle Fields,  a  stockbroker currently employed by Sagepoint Financial disclose a  separation from employment after allegations.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In October 2016, Fields was ‘Permitted to Resign’ from Ameriprise Financial, who made the following allegations in connection with the separation from employment: “The registered representative was suspended on August 2, 2016 and permitted to resign on October 3, 2016 for policy violations including failing to disclose material information to clients; use of an unsuitable trading strategy involving mutual funds; and use of discretion in non-discretionary accounts by failing to timely execute orders.”

Fields made the following statement on her FINRA record: “Financial advisor disputes the allegations as to policy violations. Financial advisor will be filing a legal action to remove the inaccurate and misleading disclosure”.

Fields has been registered with Sagepoint Financial since October 2016 and was registered with Ameriprise Financial from 5/1998-11/2016.

If you have questions about an account in an account handled by Renee R. Fields , contact us to discuss your legal options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Bahram Mirhashemi-Former Accelerated Capital Group Broker-Discharged & Barred from Securities Industry

July 2016

The FINRA records of Bahram Mirhashemi  , a stock broker who formerly was employed by Accelerated Capital Group  disclose 2 prior final regulatory events,  a currently pending regulatory event, 5 currently  pending customer disputes, a prior final customer dispute, two terminations from employment, a currently pending financial matter and 4 currently outstanding judgements/liens.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

 

Mirhashemi was permanently barred from the securities industry in 2/20. He agreed to the sanction and to the entry of findings that he placed trades in the accounts of customers for which he rarely obtained authority from the customer prior to executing the trade and that he churned accounts.

The five pending customer arbitrations against Mirhashemi seek total damages in excess of $500,000 and are based on claims of excessive trading, churning, misrepresentation, elder financial abuse, unauthorized trading and other claims.

Mirhashemi was discharged by Accelerated Capital Group in January 2016 after the firm received a Wells Notice from FINRA enforcement for violating FINRA rules by making unauthorized and unsuitable trades in customer accounts.

Mirhashemi was employed by  Accelerated Capital Group  from 9/2012-1/2016. Prior to that he was employed by Ameriprise Financial Services.

Investors suffering losses in an account handled by Mirhashemi at Accelerated Capital Group or Ameriprise Financial Services may be able to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Gary L. Glover-Former Ameriprise Broker-Disputes Customer Dispute Over Tenant in Common Investment

July 2016- John Creek, Georgia

The FINRA records of Gary L. Glover  , a stock broker currently employed by Concorde Investment Services, disclose  a prior final customer dispute,  2 pending customer disputes, a prior final financial event and a currently outstanding judgment/lien.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In one of the pending FINRA Cases, #15-02046, a customer while Glover was employed by Ameriprise Financial Services alleges damages of $800,000 for alleged unsuitable investments in two tenant in common investments:

  • The Enclave at Deep River Plantation Apartments
  • 116 Defense Highway, Annapolis Maryland

Glover has been employed by Concorde Investment Services since 1/2016. He was employed by Sterne Agee Financial Services from 11/2011-1/2016.

If you have losses in an account handled by Gary L. Glover , you may be able to collect damages from his former employer.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

 

Investment Loss Recovery-Information on recovery of investment losses due to the negligence or fraud of stockbrokers. Nationwide representation.