DID DAVID CAMERON MONCKTON CAUSE YOU INVESTMENT LOSSES?
David Monckton Of Ameriprise Financial Services, LLC Has 5 Customer Complaints For Alleged Broker Misconduct
About David Monckton of Ameriprise Financial Services, LLC?
David Monckton (CRD #2252224) is a seasoned financial professional with a career spanning over three decades in the securities industry. He is currently employed by Ameriprise Financial Services, LLC as a registered broker and financial advisor since June 8, 2020, where he holds licenses in 20 U.S. states and territories. Over his career, Mr. Monckton has passed 1 principal/supervisory exam, 3 general industry/product exams, and 2 multi-state securities law exams. His previous registrations include long tenures with Voya Financial Advisors, Inc., and ING Financial Partners, Inc. His experience and registration history indicate a strong focus on securities and investment products.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
David Monckton Customer Complaints and Reviews
- Customer Disputes: 5 Incidents
- Case 1 (October 8, 2020): Customers alleged that investments sold to them beginning in 2013 were unsuitable and too risky based on their desire to avoid long-term, illiquid investments. The case was settled on December 14, 2021, for $14,999.
- Case 2 (August 28, 2020): A customer alleged that investments sold in 2014 were unsuitable based on a desire to protect principal. This case was settled on February 23, 2022, for $60,000.
- Case 3 (August 18, 2010): From January 2006 through 2009, customers alleged mismanagement of their accounts, including unsuitable recommendations, breach of fiduciary duty, and misrepresentations. The case was settled on October 7, 2011, for $75,000, with Mr. Monckton contributing $5,000.
- Case 4 (July 1, 2024): A client alleged that Mr. Monckton did not ensure a business development company was liquidated as instructed. The complaint was denied on July 22, 2024.
- Case 5 (January 5, 2021): A customer alleged unsuitable and risky investments in 2014, seeking damages of $85,000. The complaint was denied on February 23, 2022.
Allegations Against David Monckton
- Customer Dispute Allegations:
- Unsuitability and Misrepresentation: Multiple clients have alleged that Mr. Monckton recommended unsuitable investments, particularly focusing on long-term, illiquid products, and real estate securities. These disputes also include claims of misrepresentation and failure to adhere to client instructions.
- Breach of Fiduciary Duty: In one case, Mr. Monckton was accused of breaching his fiduciary duty by making unsuitable recommendations and failing to manage accounts according to client needs and instructions.
- Failure to Liquidate Investments: A recent allegation involves a claim that Mr. Monckton did not follow client instructions to liquidate a business development company investment, although this complaint was ultimately denied.
David Monckton Red Flags & Your Rights As An Investor
Of course, David Monckton 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 David Monckton at Ameriprise Financial Services, LLC on alert to review carefully the activity and performance of their accounts and question whether David Monckton 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 David Monckton
If you have questions about Ameriprise Financial Services, LLC and/or David Monckton 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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