Dorothy Greppin Powers of Las Vegas Nevada a stockbroker formerly registered with Ameriprise Financial Services Inc. has been named in an investment related complaint on August 9, 2017 in which the customer sought $19,468.00 in damages based upon accusations that the customer was placed in a variable universal life insurance contract that was not appropriate for the customer given the customer’s insurance needs.
This is not the first time that Powers has been subject of a customer dispute concerning her activities at Ameriprise Financial Services. Particularly, Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Powers is also the subject of a customer initiated investment related complaint on April 23, 2013 where the customer requested $43,948.00 in damages supported by allegations that Powers sold one hundred shares of Apple from the customer’s investment portfolio contrary to the customer’s investment instructions.
Powers’ registration with Ameriprise Financial Services Inc. has been terminated as of June 7, 2017. In fact, as of January 23, 2019, Powers has been suspended by FINRA in all capacities for seemingly failing to comply with an arbitration award in FINRA Arbitration No. 17-02890, wherein Powers was found liable for “Principal owed under the [Ameriprise] Franchise Agreement.”
So if you do not pay us, and we sue you in arbitration and win, and you still don’t pay us, you are expelled from the industry.
