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

Uncategorized

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…

Former Ameriprise Broker James Knee Barred by FINRA

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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…

SEC Slams Ameriprise For Overcharging Retirement Account Customers

Ameriprise Financial Services, Amerirprise, Uncategorized

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…

Jack McBride; Farmington Hills, Michigan

Ameriprise Financial Services, Amerirprise, Uncategorized

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…

Cheryle Brady; Hingham, Massachusetts

Ameriprise Financial Services, Amerirprise, Uncategorized

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…