Richard Scott Ewing of Richmond Virginia a stockbroker currently registered with Ameriprise Financial Services Inc. is named in a customer initiated investment related arbitration claim which settled for $52,500.00 in damages based upon accusations including (1) breach of fiduciary duty (2) excessive fees (3) misrepresentation (4) suitability and (5) violation of state and federal securities laws in reference mutual fund and equity transactions placed in the customer’s investment account. Financial Industry Regulatory Authority (FINRA) Arbitration No. 15-00306 (Dec. 17, 2015).
FINRA Public Disclosure reveals that Ewing has been referenced in two additional customer initiated investment related disputes containing allegations of his wrongdoing while employed with H&R Block Financial Advisors, Inc. and Ameriprise Financial Services. Particularly, on September 16, 2008, a customer filed an investment related complaint pertaining to Ewing’s conduct in which the customer requested $39,510.19 in damages supported by accusations that the customer was led to believe that seven percent returns would be guaranteed on the customer’s closed-end fund holdings. On April 9, 2010, another customer filed an investment related complaint regarding Ewing’s conduct where the customer alleged to having been placed in a variable annuity that was not suitable for the customer.
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