Can I recover losses from investments with Ameriprise Financial Services, LLC broker Todd Bauman (CRD# 2631144)? Bauman has been registered with Ameriprise Financial Services, LLC in Deerfield, Illinois since 2009.
Bauman has been the subject of four customer complaints between 2009 and 2021, one of which was denied, according to his CRD report. The most recent complaint was regarding:
March 2021. “Claimant alleges that he was given negligent investment advice and recommended unsuitable investments resulting in investment losses in excess of $800,000.” The customer is seeking $1,409,721 in damages and the case is currently pending. The complaint was regarding real estate securities and exchange traded funds (ETFs) and took place when Bauman was registered with Ameriprise Financial Services, LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Ameriprise Financial Services, LLC may be liable for investment or other losses suffered by Bauman’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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