DID RICHARD LLOYD CARMAN CAUSE YOU INVESTMENT LOSSES?
About Richard Carman of Ameriprise Financial Services, LLC?
Richard Carman (CRD #2002971) has a lengthy career in the financial services industry, although he is not currently registered as a broker. Over his career, Carman has been affiliated with multiple firms including Ameriprise Financial Services, LLC, LPL Financial LLC, and Securian Financial Services, Inc. He worked extensively in the industry from January 1990 to April 2022. His qualifications include passing one Principal/Supervisory Exam, three General Industry/Product Exams, and one Multi-State Securities Law Exam. His registrations spanned various firms and states, demonstrating a broad engagement with the securities industry over the years.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Richard Carman Customer Complaints and Reviews
Richard Lloyd Carman has several disclosures on his record:
- Regulatory Event: Carman faced a regulatory action from FINRA which resulted in his permanent bar from association with any FINRA member in all capacities, effective September 27, 2022. The action was due to his failure to respond to FINRA’s requests for information.
- Customer Dispute: There is one pending customer dispute where the customer alleges an unsuitable investment made in 2013. The specific damages are not determined but are suggested to exceed $5,000.
- Terminations:
- Discharged from Ameriprise Financial Services, LLC in April 2022 for failing to disclose tax liens.
- Discharged from LPL Financial LLC in July 2021 for improper exercise of discretion without written authorization, leading to transactions after a customer’s death.
- Judgments/Liens: Carman has three outstanding tax liens filed against him by the IRS totaling significant amounts, indicating severe financial issues.
Allegations Against Richard Carman
- Regulatory Allegations: Failed to comply with FINRA’s requests for information, leading to a permanent bar from the securities industry.
- Customer Dispute Allegations: Investment made in 2013 was alleged to be unsuitable given the customer’s investment objectives and risk tolerance.
- Termination Allegations:
- At Ameriprise Financial, he was terminated for not disclosing personal tax liens, violating company policies.
- At LPL Financial, the termination was due to unauthorized transactions executed without proper client authorization, and after the client’s death.
- Judgment/Lien Allegations: Multiple tax liens suggest non-compliance with federal tax obligations over several years.
Richard Carman Red Flags & Your Rights As An Investor
Of course, Richard Carman 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 Richard Carman at Ameriprise Financial Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Richard Carman 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 firms’ 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 Richard Carman
If you have questions about Ameriprise Financial Services, LLC and/or Richard Carman 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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