DID PETER JAY FREDERICH CAUSE YOU INVESTMENT LOSSES?
About Peter Frederich Of Ameriprise Financial Services, LLC?
Peter Frederich (CRD #5188980) is not currently registered as a broker. He was previously registered with Ameriprise Financial Services, LLC in Pasadena, California, from September 2008 to May 2021. During his career, Frederich passed two general industry/product exams—the Securities Industry Essentials Examination and the General Securities Representative Examination—and one multi-state securities law exam, the Uniform Combined State Law Examination. His career at Ameriprise spanned nearly thirteen years, focusing on a variety of investment products including common and preferred stocks, mutual funds, and wrap accounts.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Peter Frederich Customer Complaints and Reviews
Peter Jay Frederich’s record includes one disclosed customer dispute:
- Customer Dispute (Settled): The dispute, received on June 30, 2020, involved allegations that Frederich implemented a managed account portfolio without the clients’ authorization. This complaint focused on equity listed products and wrap accounts, with claimed damages of $179,000. The dispute was settled on October 19, 2020, for $42,000, with Frederich personally contributing the entire settlement amount. The settlement was reached to address a client service issue, despite the firm’s finding that the claim of unauthorized portfolio management could not be substantiated.
Allegations Against Peter Frederich
The specific allegations against Peter Jay Frederich in the customer dispute include:
- Unauthorized Actions: The clients, through their attorney, claimed that Frederich set up a managed account portfolio without their consent. The products involved were primarily equities and mutual funds within a wrap account format. Despite the lack of substantiation from the firm regarding unauthorized actions, a settlement was reached primarily to resolve a service issue highlighted by the clients.
Peter Frederich Red Flags & Your Rights As An Investor
Of course, Peter Frederich 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 Peter Frederich at Ameriprise Financial Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Peter Frederich has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at 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 Ameriprise Financial Services, LLC Due To Peter Frederich
If you have questions about Ameriprise Financial Services, LLC and/or Peter Frederich 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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