William David Utanski, of Fort Lauderdale, Florida, a stockbroker currently registered with Ameriprise Financial Services, Inc., has been named in a customer initiated investment related arbitration claim, which settled on March 7, 2016, for $3,000.00 in damages based upon allegations that Utanski effected unsuitable stock transactions in the customer’s account pertaining to Dendreon Corporation, which caused the customer’s portfolio to be overconcentrated.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Utanski has been identified in two additional customer initiated investment related disputes containing allegations of Utanski’s misconduct while employed with Ameriprise Financial Services, Inc. Specifically, on February 22, 2016, a customer initiated investment related arbitration claim regarding Utanski’s activities was resolved for $100,000.00 in damages based upon allegations that from 2009 to 2015, Utanski effected the unsuitable purchase of ten thousand shares of Dendreon Corporation, and guaranteed the customer against losses resulting from the investment.
Further, on November 10, 2016, a customer initiated investment related arbitration claim involving Utanski’s conduct was settled for $20,000.00 in damages based upon allegations that Utanski effected closed-end fund and equity transactions in the customer’s account which were not suitable, and churned the customer’s account.
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.
