Ameriprise Financial Services Inc. is a Minneapolis based (707 2nd Avenue South, Minneapolis, MN, 55402) brokerage firm and investment advisor firm regulated by FINRA. The firm engages in business through its subsidiaries, providing financial planning, products and services, including wealth management, asset management, insurance, annuities and estate planning. The company’s primary subsidiaries include Ameriprise Financial Services, Inc., Columbia Management Investment Advisers, LLC, and RiverSource Life Insurance Company. Threadneedle Asset Management is Ameriprise Financial’s international asset manager, and a provider of investments to institutional and retail clients. Its CRD number is 6363.
The firm has an extensive history of customer complaints lawsuits, Financial Industry Regulatory Authority (FINRA) arbitration claims and regulatory actions. For example, according to its CRD, the firm has had 69 regulatory events. The arbitration actions have alleged unsuitable investment recommendations, fraud, breaches of fiduciary duty, churning, selling away, theft, negligence and other similar causes of actions.
Like most brokerage firms, Ameriprise has a binding arbitration clause with its customers that obligates clients to arbitrate claims instead of pursuing those actions through lawsuits in courts. This means if a customer wishes to sue the firm, it must be done through arbitration at the (FINRA) forum.
If you sustained investment losses at Ameriprise, please contact our investment law firm in Chicago, Illinois for a no-cost review by an attorney to see if your losses can be recovered under a contingency fee basis.
The Stoltmann Law Offices exclusively represents investors from across the country in securities litigation and FINRA arbitration actions. Our attorneys have handled approximately one thousand investment securities fraud cases and related court cases. Our Chicago based law firm exclusively focuses on FINRA securities arbitration claims and individual lawsuits against financial institutions, financial advisors, mutual fund firms and insurance companies throughout the United States. Stoltmann Law Offices securities arbitration lawsuits concentrate on brokerage firms, mutual fund companies and registered investment advisors engaging in unlawful investment conduct.
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