DID MELANIE MCUMBER FOLSTAD CAUSE YOU INVESTMENT LOSSES?
Melanie Folstad Of RBC Capital Markets, LLC Has 2 Customer Complaints For Alleged Broker Misconduct
About Melanie Folstad of RBC Capital Markets, LLC?
Melanie Folstad (CRD #2562408) is a seasoned broker with a diverse registration history spanning multiple firms and states. Currently registered with RBC Capital Markets, LLC as a registered broker and international advisor since January 8, 2014, Folstad has an extensive background in the securities industry. Over her career, she has been affiliated with prominent firms including Merrill Lynch and UBS Financial Services, evidencing a robust career trajectory. Melanie has successfully passed six industry-related exams, comprising four general industry/product exams and two multi-state securities law exams. Her qualifications allow her to operate across 36 U.S. states and territories, and she is associated with 22 self-regulatory organizations (SROs). Notable previous registrations include Merrill Lynch in Bethesda, MD from October 2008 to January 2014, and UBS Financial Services in Weehawken, NJ from April 2007 to November 2008.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Melanie Folstad Customer Complaints and Reviews
Melanie M. Folstad’s BrokerCheck report includes two customer disputes:
- Closed-No Action: A complaint was filed alleging unauthorized purchase of additional shares in the Franklin Income Fund during her tenure at UBS Financial Services between January 2, 2008, and April 3, 2009. The client claimed the fund was misrepresented as conservative and low risk. This dispute was denied on October 8, 2009, with claimed damages exceeding $5,000.
- Pending: As of July 1, 2024, there is a pending complaint against Folstad at RBC Capital Markets, LLC. The client alleges unauthorized sale of Apple stock, with claimed damages amounting to $19,285.
Allegations Against Melanie Folstad
- Unauthorized Transactions and Misrepresentation:
- During her time at UBS Financial Services, a client alleged that the purchase of additional shares in the Franklin Income Fund was unauthorized and that the risk level of the investment was misrepresented. This case was ultimately denied.
- At RBC Capital Markets, LLC, there is a pending allegation regarding an unauthorized sale of Apple stock with significant financial implications.
Melanie Folstad Red Flags & Your Rights As An Investor
Of course, Melanie Folstad 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 Melanie Folstad at RBC Capital Markets, LLC on alert to review carefully the activity and performance of their accounts and question whether Melanie Folstad has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at RBC Capital Markets, 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 RBC Capital Markets, LLC Due To Melanie Folstad
If you have questions about RBC Capital Markets, LLC and/or Melanie Folstad 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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