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How to Bring a Claim Against Former Ameriprise Financial Services, LLC Broker Stephen Carrione

Posted on Monday, September 20th, 2021 at 9:15 pm    

Ameriprise Financial Services

Erez Law is interested in speaking with investors who may have suffered losses due to investments with former Ameriprise Financial Services, LLC broker Stephen Carrione (CRD# 1603335). Carrione has been registered with Cadaret, Grant & Co., Inc. in Bloomfield, New Jersey since 2021. Previously, Carrione was registered with Ameriprise Financial Services, LLC in Florham Park, New Jersey from 2011 to 2020.

Carrione has been the subject of three customer complaints between 1999 and 2021, according to his CRD report. The most recent complaint is regarding: 

June 2021. “Claimants allege their former advisor made unsuitable trades in their managed accounts including investments in low priced securities and speculative companies. The Claimants further allege their advisor exacerbated the risk in their accounts by trading options and utilizing margin. They request unspecified damages.” The case is currently pending. The complaint is regarding equity OTC, common and preferred stocks, and options.

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 Carrione’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.