DID WILLIAM HARRY DEVINE CAUSE YOU INVESTMENT LOSSES?
About William Devine formerly with Ameriprise Financial Services, LLC?
William Devine (CRD #4798723) , located in Lawrenceville, New Jersey, is a former registered securities broker. His most recent registration was with Ameriprise Financial Services, LLC, from March 2019 to July 2024, based in Lawrenceville, NJ. Prior to that, he was associated with David Lerner Associates, Inc., from June 2004 to March 2019. Over his career, Mr. Devine passed two general industry/product exams (Series 7 and Securities Industry Essentials) and two state securities law exams (Series 63 and Series 65). Notably, he is not currently registered with any self-regulatory organization or state.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
William Devine Customer Complaints and Reviews
William Devine has one reported customer dispute:
- Customer Dispute:
- Date: Complaint received October 30, 2024.
- Complaint: The client alleged that Mr. Devine improperly recommended withdrawing significant sums from an inherited IRA to fund home construction costs, resulting in substantial unplanned capital gains taxes.
- Damages: The alleged damages amount to $860,000.
- Status: The case is currently pending with FINRA arbitration (Docket #24-02323).
- Details: The arbitration was filed in California and remains unresolved, with no settlements or determinations reported at this time.
Allegations Against William Devine
Customer Dispute:
- The client claims financial losses due to advice involving substantial withdrawals from an inherited IRA account, which allegedly led to unplanned capital gains taxes amounting to $860,000. The recommendation involved using these funds to cover home purchase and construction expenses.
- The case is under review in FINRA arbitration, and no findings of wrongdoing have been determined at this stage.
- This dispute underscores the importance of providing clients with thorough financial planning and clear communication about potential tax consequences.
William Devine Red Flags & Your Rights As An Investor
Of course, William Devine 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 William Devine at Ameriprise Financial Services, LLC on alert to review carefully the activity and performance of their accounts and question whether William Devine 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 William Devine
If you have questions about Ameriprise Financial Services, LLC and/or William Devine 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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