The client alleged the advisor never discussed not moving more than one IRA in one year for tax reasons due to a new tax law in 2015.

$10,603.00

CLAIMANTS ALLEGE RESPONDENTS MISREPRESENTED THE VARIABLE ANNUITIES THEY PURCHASED BY ASSURING THEM THAT THE ANNUITIES INCLUDED A GUARANTEED MINIMUM DEATH BENEFIT. FURTHERMORE, CLAIMANTS ALLEGE THAT RESPONDENTS UNSUITABLY OVER-CONCENTRATED THEIR INVESTMENTS IN EQUITIES AND THIS ALLEGEDLY CAUSED THEM TO SUSTAIN DAMAGES. CLAIMANTS CAUSES OF ACTION INCLUDE: VIOLATION OF THE FL SECURITIES AND INVESTOR PROTECTION ACT; FRAUD; BREACH OF FIDUCIARY DUTY; NEGLIGENCE, AND BREACH OF CONTRACT. THEY REQUEST UNSPECIFIED DAMAGES BETWEEN $100,000 AND $499,999.99, PLUS INTEREST, COSTS AND FEES.

$100,000.00

$30,000.00

AMERIPRISE SETTLED THIS CASE TO AVOID THE COSTS ASSOCIATED WITH FINRA ARBITRATION. I WAS DISMISSED FROM THE CASE AS PART OF THE SETTLEMENT.

CUSTOMER ALLEGED MISREPRESENTATION, FAILURE TO FOLLOW INSTRUCTIONS AND ACCOUNT MISMANAGEMENT IN CONNECTION WITH ANNUITIES PURCHASED IN 2004 AND SEPTEMBER 2005. THE CUSTOMER DID NOT ALLEGE A DAMAGE AMOUNT.

THE FIRM REVIEWED THE MATTER AND DETERMINED THAT THE ALLEGATIONS ARE WITHOUT MERIT. ANNUITY DOCUMENTATION, ACKNOWLEDGEMENTS AND RECEIPTS SIGNED BY THE CLIENT EVIDENCE HER KNOWLEDGE OF THE NATURE OF THE INVESTMENTS.

CUSTOMER ALLEGES UNSUITABILITY OF ASSET ALLOCATIONS AND BEING GIVEN IMPROPER INVESTMENT ADVICE BETWEEN 01/01/2000 AND 01/31/2003. THE CUSTOMER DOES NOT SPECIFY THE TRANSACTIONS INVOLVED.

$355,821.62

THE FIRM REVIEWED THE MATTER, DETERMINED THAT THE ALLEGATIONS ARE WITHOUT MERIT AND DENIED THE CLAIM. THE CUSTOMER DECLINED AN INVITATION TO REVIEW HER ACCOUNT PORTFOLIO AND STATED ON SEVERAL OCCASIONS THAT SHE DID HER OWN RESEARCH AND MADE ALL THE INVESTMENT DECISIONS. THE CUSTOMER ONLY INVESTED IN TWO OF THE RECOMMENDATIONS MADE OVER THE COURSE OF A 4 YEAR PERIOD. THE TOTAL PURCHASE PRICE OF THE TWO INVESTMENTS WAS $10,000 AND COMPRISED APPROXIMATELY ONE PERCENT OF THE CUSTOMER'S STATED NET WORTH AT THE TIME. THE LOSSES WERE CAUSED BY MARKET CONDITIONS, NOT WRONGDOING.

CUSTOMER ALLEGES MISREPRESENTATION AS TO AT&T'S OBLIGATION TO BUY BACK AT&T CANADA INC. CL B DEBENTURES. ON 09/05/2001, CUSTOMER PURCHASED 16 DEBENTURES.

$12,500.00

$9,500.00

TAKING INTO CONSIDERATION THE AMOUNT INVOLVED AND THE COSTS OF PROCEEDING TO ARBITRATION, THE FIRM AND THE CUSTOMERS AGREED TO SETTLE THE MATTER.

MISREPRESENTATION OF EUROPEAN AMERICAN BANK CD PURCHASED ON JANUARY 04, 1999. OMISSION OF FACT REGARDING MATURITY DATE AND UNSUITABILITY. CUSTOMER DOES NOT SPECIFY DAMAGE AMOUNT HOWEVER, ACTUAL VALUE OF INVESTMENT AS OF FEBRUARY 07, 2000 IS $7650.00.

$7,650.00

$3,600.00

THE FIRM MADE A BUSINESS DECISION TO SETTLE THE MATTER. THE DECISION TO SETTLE WAS BASED ON THE AMOUNT INVOLVED TOGETHER WITH THE COST OF PROCEEDING TO ARBITRATION AND WAS NOT AN ADMISSION OF LIABILITY OR WRONGDOING.