Kim Dee Isaacson, of Midvale, Utah, a stockbroker currently registered with Ameriprise Financial Services, Inc., has been named in a Financial Industry Regulatory Authority (FINRA) investigation on April 8, 2016, which focuses on allegations that Isaacson made misrepresentations to a customer concerning the customer’s investment performance and account details.
FINRA Public Disclosure reveals that Isaacson has been identified in four customer disputes concerning allegations of misconduct while employed with broker-dealers UBS Financial Services, RBC Dain Rauscher, Inc., and Morgan Stanley. Particularly, on January 24, 2005, a customer filed a written complaint involving Isaacson’s conduct, in which the customer requested $2,003,000.00 in damages based upon allegations that Isaacson effected unauthorized stock and options transactions in the customer’s account.
On December 19, 2008, another customer filed a written complaint concerning Isaacson’s conduct, in which the customer requested $5,000.00 in damages based upon allegations that Isaacson failed to follow the customer’s instructions to buy GE Stock in the customer’s account.
Further, on June 16, 2016, a customer was awarded $3,586,989.00 in damages pursuant to a customer initiated investment related arbitration claim involving Isaacson’s conduct, based upon allegations including misrepresentations, unauthorized trading, unsuitability, breach of contract, breach of fiduciary duty, violation of New York General Business Law 349(A), and fraud pertaining to transactions in unit investment trusts, mutual funds, and exchange traded funds.
On February 1, 2016, another customer filed an investment related arbitration action regarding Isaacson’s activities, based upon allegations that between 2008 and 2014, Isaacson effected unsuitable investment transactions concerning exchange traded funds, unit investment trusts, mutual funds, and municipal debt instruments. The customer additionally alleged that Isaacson made misrepresentations concerning the customer’s equities and account performance details.
On February 6, 2014, Morgan Stanley terminated Isaacson based upon allegations that he provided a customer inaccurate information pertaining to the performance of the customer’s account. Since February 27, 2014, Isaacson has been registered with Ameriprise Financial Services.
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