Frank Joseph Coussens, of Coral Gables, Florida, a stockbroker currently registered with Ameriprise Financial Services, is the subject of a customer initiated investment related written complaint on February 27, 2020, in which the customer sought $29,918.55 in damages based upon accusations of them being placed into an unsuitable direct investment when Coussens was registered with Ameriprise Financial Services and Merrill Lynch Pierce Fenner Smith Inc. The complaint alleges that the customer sustained damages on All American Pipeline Limited Partnership after Coussens failed to liquidate that position.

Coussens has been identified in two customer initiated investment related disputes about allegations of his wrongdoing while employed by Merrill Lynch. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that a customer initiated investment related complaint concerning Coussens’ conduct was settled for $80,000.00 in damages based upon accusations of negligence and unsuitable transactions for the customer’s Merrill Lynch account because of Coussens.

Coussens is also referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $27,500.00 in damages founded on allegations that Coussens misrepresented information regarding the customer’s investments in common and preferred stock. The claim alleges unsuitable investment recommendations by Coussens at Merrill Lynch.

Coussens’ stockbroker and investment adviser representative registrations with Merrill Lynch Pierce Fenner Smith Incorporated were terminated on August 22, 2016. Coussens has been a stockbroker and investment adviser representative of Ameriprise Financial Services since August 19, 2016.

Tags: ,

Comments are closed.