Shawn Elizabeth Parker of Schaumburg Illinois a stockbroker formerly employed by Ameriprise Financial Services LLC has been terminated by the securities broker dealer on June 8, 2020 supported by allegations of her violation of company policy.
Parker has been identified in five customer initiated investment related disputes containing allegations of her misconduct while she was employed by Ameriprise. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Parker is the subject of a customer initiated investment related written complaint in which the customer requested more than $5,000.00 in damages based upon accusations that the customer’s investments were not sold or liquidated and that the customer was not advised as to mutual fund transactions.
Parker is referenced in another customer initiated investment related arbitration claim which has been settled for $25,000.00 in damages founded upon allegations that the stockbroker failed to act upon the customer’s instructions to sell stock holdings and fixed income positions. According to the claim, the customer sustained losses due to Parker’s negligence and unsuitable transactions. Fraudulent misrepresentations had allegedly been made by the stockbroker. The claim also alleges that a fiduciary duty which was owed to the customer had been breached and that Parker’s activities at Ameriprise were neither supervised nor lawful.
An additional customer filed an investment related complaint concerning Parker’s conduct where the customer requested $14,998.00 in damages supported by accusations that the customer incurred unwarranted tax consequences in reference to a mutual fund transaction initiated by Parker while she was associated with Ameriprise. Another customer filed an investment related complaint pertaining to Parker’s conduct in which the customer sought $12,000.00 in damages based upon allegations that the Ameriprise customer was inappropriately placed into Inland American Real Estate Investment Trust.
Parker is also the subject of a customer initiated investment related written complaint on May 3, 2016 where the customer requested $7,197.14 in damages founded upon accusations that misrepresentations had been made to the customer concerning a variable annuity sold by Parker at Ameriprise.
Parker was registered with Ameriprise between November 25, 1987 and June 8, 2020.