Options for Former Ameriprise Financial Services, Inc. Broker Jeffrey Vanover
Posted on Tuesday, April 28th, 2020 at 2:07 pm
Erez Law is currently investigating former Ameriprise Financial Services, Inc. broker Jeffrey Vanover (CRD# 4813059) regarding unsuitable investment recommendations. Vanover has been registered with Hilltop Securities Inc. in Lufkin, Texas since July 2019. Previously, Vanover was registered with Ameriprise Financial Services, Inc. in Lufkin, Texas from 2004 to 2019.
Vanover has been the subject of one customer complaint, according to his CRD report:
December 2019. “The clients alleged their advisor provided poor advice from May 2018 to July 2019 regarding an equity security, option contracts related to that security, and another security sold to cover margin debt.” The customer is seeking $785,444.97 in damages and the case is currently pending. The complaint is regarding options and common and preferred stocks and took place while Vanover was registered with Ameriprise Financial Services, Inc.
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 Vanover’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.