Eric Steven Korhut, of Johnstown, Pennsylvania, a stockbroker formerly registered with Ameriprise Financial Services, Inc., has been terminated on August 30, 2016, based upon allegations that he exercised discretion in customer accounts without the firm’s approval of the accounts as discretionary. The firm also alleged that Korhut failed to comply with the firm’s supervision policies and conduct code.
FINRA Public Disclosure confirms that Korhut has been subject of three customer initiated investment related disputes pertaining to allegations of his wrongdoing while he was associated with Ameriprise Financial Advisors. In particular, on June 29, 2004, a customer filed an investment related written complaint involving Korhut’s conduct, where the customer requested $5,000.00 in damages founded on allegations that Korhut failed to communicate with the customer about the status of the customer’s investments, causing the customer to be exposed to mutual fund losses.
Then, on July 17, 2017, a customer filed an investment related written complaint regarding Korhut’s activities, in which the customer sought $150,000.00 in damages based upon accusations that Korhut made unsuitable investment recommendations to the customer concerning a variable annuity purchased by the customer in May of 2016. Korhut was also subject of a customer initiated investment related arbitration claim on August 29, 2017, where the customer requested $17,904.00 in damages supported by allegations of unsuitable annuity surrender recommendations and omissions concerning the tax consequences of the annuity’s liquidation.
Korhut has been registered with Vanderbilt Securities, LLC, since November 30, 2016.
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