Ameriprise Broker Eric Stuckey’s Customer Complaints Include Unsuitable Recommendations, Misrepresentation

Publicly available records with the Financial Industry Regulatory Authority (FINRA) indicate that Suwanee, Georgia-based Ameriprise broker Eric Stuckey has customer complaints against him. They include: recommending unsuitable products, misrepresenting material facts, failing to disclose certain risks in recommended investments, placing sub-account assets in unsuitable high-risk funds, concentrating a portfolio in three energy sector investments, employing…

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Former Ameriprise Broker James Knee Barred by FINRA

Stoltmann Law Offices is investigating former Ameriprise and Voya broker James Knee. Knee was being investigated by the Financial Industry Regulatory Authority (FINRA) for misappropriating customer funds while registered with the firms. This is against securities laws and internal firm rules. A brokerage firm such as Ameriprise or Voya must reasonably supervise its brokers in…

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Options For Ameriprise Whistleblowers

Please call our law firm today for a no-cost review if you wish to file a whistleblower claim against Ameriprise, and were a former or are a current employee of the bank.  The type of activity the SEC is most interested in, includes brokers who materially mislead investors so that they make buying and selling…

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SEC Slams Ameriprise For Overcharging Retirement Account Customers

The Securities and Exchange Commission (SEC) recently settled charges with Ameriprise. The SEC was charging the firm for recommending and selling higher-fee mutual fund shares to retail retirement account customers and for failing to provide sales charge waivers. The bank allegedly disadvantaged certain retirement account customers by failing to ascertain their eligibility for less expensive…

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Ameriprise In Trouble Again With FINRA for F-Squared Sales

According to a recent InvestmentNews article, Ameriprise Financial was ordered by the Securities and Exchange Commission (SEC) to pay $1.75 million in penalties and to disgorge $6.3 million because of F-Squared sales. The SEC also censured Horter Investment Management in Cincinnati, Ohio, for its sales of F-Squared Alpha Sector sales and ordered it to pay…

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Leslie Markus Jr. Disciplined By FINRA: What Investors Can Do

According to a Disciplinary Proceeding with the Financial Industry Regulatory Authority (FINRA), Leslie Markus Jr., a former registered broker with Ameriprise, allegedly made 11 unauthorized mutual fund purchases in a customer’s account on a single day. He also allegedly entered a false note in his firm’s “client notes” system to make it appear that he…

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Update: Broker Li-Lin Hsu Forced to Pay Ameriprise $675,000

Li-Lin Hsu, a former Ameriprise broker, was recently forced to pay the firm $675,000 over a customer complaint that the firm settled, according to a Financial Industry Regulatory Authority (FINRA) arbitration panel. Ameriprise had previously filed a lawsuit alleging that Ms. Hsu used company stationery to pass herself off as an Ameriprise advisor, when she…

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Jack McBride; Farmington Hills, Michigan

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), former Ameriprise broker Jack McBride violated securities laws. He allegedly committed several violations pertaining to customer accounts as follows: he settled a customer complaint without notifying his firm, sent two emails to two customers containing accounts values…

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Cheryle Brady; Hingham, Massachusetts

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Cheryle Anne Brady violated securities laws. Allegedly, Brady had her assistant place ten trades in nine of her customer’s accounts. These trades were placed without obtaining the customer’s approval. Brady then falsely stated that she had contacted…

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