DID KARL P TWEARDY CAUSE YOU INVESTMENT LOSSES?
Karl Tweardy Of Fidelity Brokerage Services LLC And Formerly With United Brokerage Services INC and Ameriprise Financial Services, LLC Has A Customer Complaint For Alleged Broker Misconduct
About Karl Tweardy of Fidelity Brokerage Services LLC?
Karl P. Tweardy (CRD #2527644) has had a career in the securities industry, with multiple shifts across various firms and states. His career spans several firms, with his most recent registrations at Fidelity Brokerage Services LLC in Westlake, TX, and Fidelity Personal and Workplace Advisors in Richmond, VA, as of early 2024. Despite his broad reach, being registered in 52 U.S. states and territories and affiliated with two Self-Regulatory Organizations, Tweardy’s track record is less than pristine. He has passed four industry-standard exams, which include two general industry/product exams and two multi-state securities law exams, notably none in the principal/supervisory category. His frequent employment changes—having been registered with at least eight different firms since 1994—casts a shadow on his reliability and lso as a broker.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Karl Tweardy Customer Complaint and Reviews
Tweardy’s career is also marred by a customer dispute, including one particularly significant incident that was settled to the customer’s financial benefit:
Customer Dispute (Settled): In January 2023, a client alleged that Tweardy failed to provide a product prospectus for an investment, which led to the customer being placed in a variable annuity that did not meet their requested risk level of 0%. Despite the client’s expectations for no risk, they were exposed to potential losses. The dispute was settled in February 2023 with a payment of $26,493.67 to the customer, although Tweardy contributed nothing personally to the settlement. This incident raises serious concerns about his communication with clients and his adherence to their investment objectives.
Allegations Against Karl Tweardy
The primary allegation against Karl P. Tweardy involved a serious lapse in fulfilling his duty to a client, specifically:
- Failure to Provide Adequate Information: The client’s complaint centered around Tweardy’s failure to deliver essential documentation (the product prospectus) and mismanagement in aligning the investment with the client’s explicit wishes for zero risk exposure. This not only resulted in financial loss for the client but also a substantial settlement payout, reflecting poorly on Tweardy’s professionalism and ethical standards within his advisory role.
Karl Tweardy Red Flags & Your Rights As An Investor
Of course, Karl Tweardy did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Karl Tweardy at Fidelity Brokerage Services LLC, United Brokerage Services INC and Ameriprise Financial Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Karl Tweardy has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Fidelity Brokerage Services LLC, United Brokerage Services INC and Ameriprise Financial Services, LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Fidelity Brokerage Services LLC Due To Karl Tweardy
If you have questions about Fidelity Brokerage Services LLC, United Brokerage Services INC and Ameriprise Financial Services, LLC and/or Karl Tweardy and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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