Can I Recover Losses from Ameriprise Financial Services, Inc. Financial Advisor Alfred Weaver
Posted on Wednesday, January 9th, 2019 at 7:48 pm
Have you suffered investment losses due to recommendations from Ameriprise Financial Services, Inc. financial advisor Alfred Weaver (CRD# 460549? Weaver has been registered with Ameriprise Financial Services, Inc. in Westborough, Massachusetts since 2012.
Weaver has been the subject of three customer complaints between 2000 and 2018, one of which was denied, according to his CRD report:
October 2018. “Plaintiff alleges that her former advisor failed to fully discuss who she intended as her beneficiaries and made mistakes when filling out the beneficiary designations on her accounts.” The customer is seeking $400,000 in damages and the case is currently pending.
July 2001. “Client alleges that investments purchased in account were unsuitable, breach of contract, breach of fiduciary duty, negligence and violation of mass gen. L.C. Chapter 93a.” The customer sought $110,100 in damages and the case was settled for $35,000. This case is regarding common and preferred stocks.
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, Inc. may be liable for investment or other losses suffered by Weaver’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.