Joseph Lawrence Peggs (also known as Larry Peggs), of Seminole, Florida, a stockbroker registered with Ameriprise Financial Services Inc., is the subject of a customer initiated investment related civil suit which was settled for $30,000.00 in damages based upon allegations that Peggs failed to follow the customer’s intentions concerning beneficiary designations on annuities. Civil Action No. 18-589-CA (Feb. 7, 2020).
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Peggs is referenced in other customer initiated investment related disputes concerning Peggs’ conduct while associated with securities broker dealers, including NFP Securities Inc. and Ameriprise Financial Services LLC. Peggs is the subject of a customer initiated investment related complaint that was settled on November 12, 2003 for $50,000.00 in damages based upon allegations that Peggs committed sales practice violations in connection with the recommendation and sale of insurance products when Peggs was associated with NFP Securities Inc.
On January 25, 2018, a customer initiated investment related complaint involving Peggs’ conduct was settled for $38,221.04 in damages based upon allegations that Peggs made unauthorized transactions with regard to the recommendation and sale of investments when Peggs was associated with Ameriprise Financial Services LLC.
On May 2, 2019, a complaint involving Peggs’ conduct was settled for $15,000.00 in damages based upon allegations that Peggs made unsuitable transactions in connection with the recommendation and sale of common stocks and preferred stocks when Peggs was associated with Planmember Securities Corporation.
FINRA Public Disclosure shows that Peggs has been fined $10,000.00 by NASD based upon allegations that Peggs violated NASD rules on misleading communications. Case No. CAF030054 (Sept. 29, 2003).
NFP Securities Inc. terminated Peggs’ registration based upon allegations that Peggs was the subject of an NASD enforcement action.
Joseph Peggs was associated with Planmember Securities Corporation in Seminole, FL, as an investment advisor representative from January 15, 2014 to November 9, 2015, and as a stockbroker from December 6, 2013 to November 9, 2015.
Peggs has been associated with Ameriprise Financial Services LLC in Seminole, FL, as a stockbroker since November 6, 2015, and as an investment advisor representative since December 3, 2015.
