Category Archives: Ameriprise Financial

Peter D Nett-Ameriprise Broker- Discloses Pending Customer Dispute-The Woodlands, TX

October  2020- The Woodlands, TX

According to publicly available records, Peter Dieter Nett (CRD#4506990), a stockbroker employed with Ameriprise Financial Services, Inc.,  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 January of 2020, an Ameriprise Financial Services customer filed FINRA case #20-00161 alleging that Nett recommended unsuitable investments including an energy fund and annuities.   The claimants further allege that Nett recommended the investments in order to generate commissions.   Damages are not specified.

Nett has been employed with Ameriprise Financial Services, INc. since September of 2005.

If you had an account with Peter Nett that suffered losses, you may be entitled to collect damages from his employer. Call to discuss your 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

Matthew King-Cambridge Investment Research Broker- Terminated From Employment-Corpus Christi, TX

June 2020- Corpus Christi, TX

The FINRA records of Matthew J. King, a broker currently employed  by Cambridge Investment Research Advisors, Inc. disclose 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 September of 2019, King was permitted to resign from Ameriprise Financial  while suspended for company policy violations related to a disclosed outside business activity.

King has been employed with Cambridge Investment Research, Inc.  since October of 2019.   He was was employed with Ameriprise Financial Services, Inc.  from October 2008 until September 2019.

If you have questions about an account  handled by Matthew King ,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

E.Kyle Davis-Former Raymond James Broker-Subject of $500K Suit Over Unit Investment Trust-Atlanta, GA

January 2020 – Atlanta, GA

The FINRA records of E. Kyle Davis  , a broker with Ameriprise FInancial Services discloses 2 prior regulatory events, a pending customer dispute  and 3 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 currently pending FINRA case 19-3563 a customer of his prior employer Raymond James Associates alleges negligence, breach of fiduciary duty and other claims in connection with an investment in a Unit Investment Trust (UIT). Damages of $500,000 are sought.

Davis worked for Raymond James from 2/2013-1/20219. He joined Ameriprise in 1/2019.

If you have questions about an account handled by E Kyle Davis,  call for a no charge consultation with an experienced securities attorney .

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

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