Category Archives: Ameriprise Financial

Martin D. Batstone-Former Newbridge Securities Broker- Discloses 2 Regulatory Events and 6 Customer Disputes-San Diego, CA

January 2020 – San Diego, CA

The FINRA records of of Martin David Batstone  , a suspended stockbroker who was last employed by  Newbridge Securities, disclose 2 regulatory events and  6 prior customer disputes.

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 10/2019, FINRA instituted a regulatory proceeding alleging that Batstone willingly violated section 10(b) of the Securities Exchange Act of 1934 and rule 10b-5(a)-(c), and violated FINRA Rule 2010 when he transferred  his member firm customers’ funds to his personal bank account and used the funds for his personal expenditures.    FINRA also alleges that Batstone solicited the firm’s customer to invest a total of $75,000 in a small limited liability company purporting to provide brand management and product placement services for athletes and entertainers.   In soliciting the investments, Batstone informed customers that the company would use their funds for general operating expenses, including marketing and distribution of an energy drink.    Contrary to these representations,   This case is pending.

In 9/2015, a customer of Independent Financial Group, filed a case in San Diego County Superior Court alleging that Batstone breached  his duty by failing to affirm client’s beneficiary designations in writing resulting in the former spouse being unable to collect distributions upon client’s death, contrary to client’s instructions to registrant.    The case was settled for $55,000.

In April of 2007, a customer of Ameriprise Financial Services, Inc., alleged he instructed Batstone to purchase an annuity.   Client received funds from the annuity purchase, but lost interest in the year because it was not invested.    The case settled for $5,400.

Batstone was employed by Newbridge Securities Corporation from 11/2018 until 5/2019, He was with Crown Capital Securities from 4/2017 until 8/2018 and with Independent Financial Group from 1/2009 until 4/2017.

If you have problems in an account  handled by Martin David Batstone  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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Corey L. Mireau-Former Ameriprise Financial Services Broker-Discloses Regulatory Event & Settled Customer Dispute-Eden Prairie, MN

January 2020 – Eden Prairie, MN

The FINRA records of Corey Lee Mireau, a stockbroker who is currently  not registered with any broker dealerdisclose a regulatory event, 2  settled  customer disputes,  a termination and 3 outstanding 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 April of 2019, FINRA case #2017055910301 was filed after findings that Mireau borrowed $150,000 and $500, respectively, from two of his member firm customers without notifying or obtaining prior written approval from his firm.   The findings stated that Mireau borrowed $150,000 from a customer so that he could invest in a wholesale company in the e-cigarette business.  FINRA found that Mireau falsely attested on annual compliance questionnaires that he had disclosed all of his outside business activities with the firm and had not engaged in any unapproved private securities transactions.   Sanctions ordered by FINRA were two years suspension, restitution of $154,458 and a monetary fine of $15,000.

In 11/2017 a customer of  Ameriprise Financial Services, Inc. alleged that he invested $250,000 through Mr. Mireau in a company called Vapor Distribution, Inc., and that the client had lost most of the investment.   The case  was settled for $80,000.

Mireau worked for Ameriprise Financial Services, Inc. from 5/1998 until 9/2017 when he was was permitted to resign from after he was suspended by FINRA.

Mireau discloses three outstanding Internal Revenue Service liens totalling nearly $150,000, filed in Hennepin County , Minneapolis, MN.

If you have problems in an account  handled by Corey Mireau  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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

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