Ameriprise Financial Services – Investor Alert – UPDATED
UPDATE 9/15/16: FINRA has fined Ameriprise $850,000 for failing to detect that one of its registered representatives, who worked as a sales assistant and office manager, took over $370,000 from 5 customers. The customers were the registered representatives family members, including his mother, step-father, and grandparents, as well as his domestic partner.
Galvin Legal is launching an investigation on behalf of investors who may have suffered losses investing with Ameriprise Financial Services. If you suffered losses investing with Ameriprise Financial Services, then Galvin Legal may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
Ameriprise Financial Services (CRD# 6363) (SEC# 8-16791)
As of September 9, 2016, Ameriprise Financial Services’s FINRA BrokerCheck Report contains the following:
65 Regulatory Event Disclosures
0 Civil Event Disclosures
98 Arbitration Disclosures
0 Bond Disclosures
Main Office Location
707 2ND AVENUE SOUTH
MINNEAPOLIS, MN 55402
5221 AMERIPRISE FINANCIAL CENTER
MINNEAPOLIS, MN 55474
Business Telephone Number
Direct Owners and Executive Officers
AMPF HOLDING CORPORATION – SHAREHOLDER
DOREN, MITCHELL DAVID (CRD# 2129844) – REGION VICE PRESIDENT (TEXAS DESIGNATED OFFICER)
JUNEK, JOHN CARL (CRD# 4251921) – EXECUTIVE VICE PRESIDENT AND GENERAL COUNSEL
MAGLAQUE, CHARLES NEAL (CRD# 5026063) – DIRECTOR, EXECUTIVE VICE PRESIDENT AND CHIEF OPERATIONS OFFICER AWM
O’CONNELL, PATRICK HUGH (CRD# 2246285) – DIRECTOR, EXECUTIVE VICE PRESIDENT-FIELD MANAGEMENT
PARISH, DOUGLAS JAMES (CRD# 5044900) – SENIOR VICE PRESIDENT AND CHIEF COMPLIANCE OFFICER
STEWART, DAVID KENT (CRD# 2990869) – CHIEF FINANCIAL OFFICER
SWEENEY, JOSEPH EDWARD (CRD# 4668713) – PRESIDENT, CHAIRMAN AND CHIEF EXECUTIVE OFFICER
WILLIAMS, WILLIAM JERRYL (CRD# 1954117) – DIRECTOR, EXECUTIVE VICE PRESIDENT-FIELD MANAGEMENT
FINRA requires brokerage firms to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
Galvin Legal is a national securities arbitration, mediation, fraud, and investor protection law practice. For more information on Galvin Legal, please visit www.galvinlegal.com or call 1-800-405-5117.