Dean T. Nicholson, of Summerfield, Florida, recently settled a customer dispute on June 27, 2016, in which the customer received $18,000.00 in damages after alleging that Nicholson engaged in the sale of unsuitable investments.
On March 1, 2016, Nicholson was named in a customer dispute in which the customers requested $35,000.00 in damages after alleging Nicholson made misrepresentations to customers regarding the risks of investments within the customers’ brokerage accounts. Customers also claimed that Nicholson did not disclose that the annuities purchased were variable.
Public Disclosure Records show that Nicholson was terminated from employer Ameriprise Financial Services on March 5, 2012, amid allegations of violating the firm’s policies concerning prohibited and restricted conduct, which included unauthorized trading and outside business activities. On July 25, 2012, Nicholson was subject to a Cease and Desist Order by The Florida Office of Financial Regulation, fined $18,000.00, and disgorged of $5,200.00 after Nicholson was alleged to have violated Chapter 517 of the Florida Statutes.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
