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Ameriprise Financial Services, Inc., a Financial Industry Regulatory Authority (FINRA) member brokerage firm located in Minneapolis, Minnesota, was orderd by a FINRA Arbitration Panel to pay $418,000.00 in damages in connection with a customer initiated investment related arbitration claim founded upon accusations including breach of contract, omissions of facts and breach of fiduciary duty relating to funds that the firm transferred without the customer’s consent. FINRA Arbitration Case No. 16-01613 (June 22, 2017).

Apparently, funds from two of the customer’s individual retirement accounts and one of the customer’s non-qualified investment account had been sent to someone who was not a beneficiary on the customer’s account.

Since June 14, 1971, Ameriprise Financial Services, Inc. has been subject of sixty-nine regulatory infractions and over one-hundred customer initiated investment related arbitration claims regarding incidents of the firm’s misconduct.

Guiliano Law Group

Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com