Ameriprise Financial Services, LLC Broker Rudy Molnar Investment Loss Options
Posted on Monday, May 24th, 2021 at 7:53 pm
Were you the victim of Ameriprise Financial Services, LLC broker Rudy Molnar (CRD# 3211892)? Molnar has been registered with Ameriprise Financial Services, LLC in Treasure Island, Florida since 2009.
In the past, Molnar was sanctioned by the Commonwealth of Virginia in May 2013 to a one-year voluntary surrender of insurance license. The allegations were regarding: the commonwealth of Virginia reviewed my insurance registration based upon the AWC I entered related to FINRA file number 2010022064201 and a state of California administrative action resulting from the same FINRA matter.
In May 2012, Illinois sanctioned Molnar to an order of withdrawal for two years. That same month, FINRA sanctioned Molnar to a $5,00 civil and administrative penalty and fine, and suspended him for one month regarding, “FINRA rule 2010: from June 16, 2009 through August 6, 2009, Molnar impersonated four customers in order to expedite the transfer of their accounts from his former broker-dealer employer to his new broker-dealer employer. In each instance, he placed a telephone call to his former broker-dealer, identified himself as the customer, and proceeded to impersonate the customer, sometimes using personal information such as the customer’s birth date or social security number. Although the customers had authorized the transfer of their accounts, the customers did not authorize the impersonations.”
Molnar has been the subject of one customer complaints in 2020, according to his CRD report:
December 2020. “Claimants allege that they were recommended an unsuitable, high-commission, high-risk, and speculative alternative investment, FSKR.” The customer is seeking $164,000 in damages and the case is currently pending. The complaint is regarding business development companies (BDCs) and the complaint took place while Molnar 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 Molnar’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.