Scott Allen Edwards of Minneapolis Minnesota a stockbroker currently registered with Ameriprise Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which customers were awarded $13,652.29 in compensatory damages based on Edwards having been found liable on the customers’ claims that (1) Edwards negligently transacted in the customers’ accounts (2) Edwards executed exchange traded fund and common stock transactions in the customers’ accounts that were not suitable for them given their conservative objectives for investing (3) Edwards made misrepresentations and omissions to the customers regarding investments (4) Edwards breached his fiduciary duties to the customers and (5) the firm failed to supervise Edwards’ activities in the customers’ accounts. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02921 (May 10, 2018).
FINRA Public Disclosure additionally confirms that a customer filed an investment related complaint concerning Edwards’ activities where the customer sought $11,000.00 in damages supported by accusations that between November of 2014 and April of 2017, while Edwards was associated with Ameriprise Financial Services Inc., Edwards made unsuitable exchange traded fund and equity recommendations to the customer.
Edwards has been registered with Ameriprise Financial Services Inc. since December 13, 1996.
