Category Archives: Ameriprise Financial

Justin Montandon-Ameriprise Broker-Discloses Regulatory Event and 2 Customer Disputes-Austin, TX

January  2019 – Austin, TX According to public records of Justin  A. Montandon  (CRD#4455879)  a  stockbroker employed by Ameriprise Financial Services, Inc., discloses a regulatory event, a customer dispute settlement.

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 April of 2016, Montandon was investigated by Michigan Department of Insurance and Financial Services for allegations that “after applying for a non-residence insurance license on July 7, 2015, the Michigan Department of Insurance and Financial Services issued a notice of intent to deny the application due to allegedly providing misleading information on license application due to a FINRA arbitration decision finding breach of fiduciary duty and breach of contract.”    A fine of $250 was paid in settlement. 

A customer of  Ameriprise Financial Services, Inc.,  filed FINRA case #13-01087 alleging  that while deceased plaintiff was terminally ill, Montandon advised them to place $63,161 into decedent’s existing life insurance policy in order to receive a guaranteed 4% return.   The customer alleged that Montandon failed to disclose that if plaintiff died within the first year the cash was in the policy, they would only receive the face value of the policy.    Following a hearing before a FINRA arbitration panel, the customer was awarded $137,709.

Montandon  has been employed with Ameriprise Financial Services, Inc. since  2002.

If you have questions about an account handled by  Justin Montandon, contact us for a no charge consultation to learn how you may be able to recover damages from his 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

Brian Hussey-Former Ameriprise Broker-Suspended Over Marijuana Penny Stocks-Tampa, FL

September 2018-Tampa, FL

The FINRA records of  Brian John Hussey, Jr. ,  a  stockbroker who was formerly employed by Ameriprise Financial Services disclose a recent regulatory event resulting in a suspension and a prior customer dispute.

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 May 2018 Hussey was suspended for seven months by FINRA to resolve allegations that he made unsuitable recommendations and mismarked transactions regarding penny stocks and failed to provide notice of de facto discretionary trading at a third party firm. According to the FINRA proceeding Hussey recommended to oa customer that she sell 100 percent of the mutual fund positions in her IRA account and invest the proceeds in penny stocks focussed on the marijuana business.

Solicitation of penny stocks violated his firm’s policy prohibiting soliciting penny stocks. Hussey attempted to conceal his actions by mismarking the the trades as being unsolicited.

The customer brought a claim against the firm and was paid $67,019 in settlement thereof.

Hussey was employed by Ameriprise from  2/2008-6/2018.

If you have losses in an account in an account handled by Brian Hussey , contact us for a no charge consultation to discuss how you may be able to recover damages for those losses 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

Eric Stuckey-Cornerstone Private Client Group-Discloses Customer Suits-Suwanee, GA

August 2018-Suwanee, Georgia

The FINRA records of  Eric Todd Stuckey ,  a  stockbroker who formerly worked for  Invest Financial  disclose a pending customer suit,  4 prior customer disputes and 2 currently outstanding judgment/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.

In May 2018 a customer of Invest Financial was paid $25,000 to resolve allegations that Stuckey placed their account into high risk funds that were not suitable.

In FINRA Case 16-1532 a customer of Invest Financial was paid $14,750 to resolve allegations that Stuckey placed their portfolio into three unsuitable energy sector investments.

In currently pending FINRA Case 18-1847 a customer of Invest Financial seeks damages of $220,000 and alleges that Stuckey recommended unsuitable investments, including unsuitable annuities, and failed to disclose risks.

Stuckey discloses that the Internal Revenue Service has a tax lien against him for over $186,000.

Eric Stuckey was employed by Invest Financial from 2/2009-1/2018. He is currently employed by Ameriprise Financial Services. Stuckey operates Cornerstone Private Client Group in Suwanee, GA.

If you have losses in an account  handled by Eric Stuckey , contact us for a no charge consultation to learn how you 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

Michael J. Pepe-Ameriprise Broker-Subject of $750,000 Customer Suit-Tampa, FL

August 2018-Tampa, Florida

The FINRA records of  Michael J. Pepe,  a  stock broker who is currently employed by Ameriprise Financial Services ,  disclose a recently filed customer dispute.

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 FINRA Case 18-1785   a customer of Ameriprise and Pepe’s prior employer JHS Capital Advisors alleges the Pepe engaged in unauthorized trading in unsuitable securities and seeks damages of $750,000.

Michael Pepe discloses prior six figure settlements with customers who alleged unsuitable and unauthorized trading in their accounts.

Pepe has been employed with Ameriprise since 8/2015. He was employed by JHS Capital Advisors from 3/2010-8/2015.

If you have losses in an account handled by Michael Pepe call for a no charge consultation to discuss your legal options for recovery.

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

Steven Yellen-Former Ameriprise Broker-Discloses Discharge from Employment-El Paso, Texas

February 2018 – El Paso, Texas

According to publicly available records Steven T. Yellen , (CRD# 1281663) ,  a  stockbroker who is not currently registered with any broker dealer and who was last employed by Ameriprise Financial Services disclose that he was recently discharged by Ameriprise Financial Services.

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 January 2018 Ameriprise discharged Yellen and made the following allegation on his FINRA record: “Registered representative was discharged for violations of company policy related to outside business activities and options trading.”

Yellen was the subject of a customer dispute while employed by Morgan Stanley Smith Barney. In 11/2015 Morgan Stanley paid a customer $5,000 to resolve allegations that Yellen did not follow instructions to transfer stocks to their children.

Yellen was employed by Ameriprise Financial Services from 3/2016-1/2018.

If you have questions about an account in an account handled by Steven Yellen , contact us for a no charge consultation 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