Roy Chuck Waugh of Lawton, Oklahoma, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Waugh did not change the beneficiaries on a customer’s account according to the customer’s instructions prior to her death. The claim also alleged that Waugh did not pay the correct beneficiaries. FINRA Arbitration No. 22-01959 (August 1, 2023).
This is not the first time that Waugh has been the subject of a customer dispute concerning his conduct in the securities industry. Public Disclosure shows that on August 15, 2011, a customer filed an investment related complaint involving Waugh’s conduct in which the customer requested $5,000.00 in damages based upon allegations that Waugh did not follow her instructions of placing IRA assets into a fixed subaccount of a variable annuity during the time that Waugh was associated with Ameriprise Financial Services Inc. This complaint was denied.
On July 19, 2018, another customer filed an investment related complaint involving Waugh’s conduct in which the customer requested $260,725.00 in damages based upon allegations that Waugh made omissions of material fact regarding the risks and costs associated with annuities, exchange traded funds, and real estate securities purchased in September 2014 when Waugh was associated with Ameriprise Financial Services Inc. This complaint was denied.
Waugh has been associated with Ameriprise Financial Services LLC in Lawton, Oklahoma since May 6, 1991, as a stockbroker and since June 21, 1991, as an investment advisor representative.
