DID DAVID CHARLES TURETZKY CAUSE YOU INVESTMENT LOSSES?
David Turetzky Of Ameriprise Financial Services, LLC And Formerly With Liberty Partners Financial Services, LLC Has 5 Customer Complaints For Alleged Broker Misconduct
About David Turetzky Of Ameriprise Financial Services, LLC?
David Turetzky (CRD #2954337) has an extensive history in the financial services industry, having passed two principal/supervisory exams, four general industry/product exams, and two multi-state securities law exams. His career has included roles at several prestigious firms, including Ameriprise Financial Services, LLC, Liberty Partners Financial Services, LLC, and Morgan Stanley, among others. Although he is not currently registered, his last registration was with Ameriprise Financial Services in New York, NY, from January 2019 to December 2022. Turetzky’s diverse qualifications and registrations across multiple states and firms underscore his extensive background in the securities industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
David Turetzky Customer Complaints and Reviews
David Charles Turetzky has been involved in multiple disclosure events, all classified as customer disputes:
- Customer Dispute 1:
- Date Notice Served: July 2, 2020
- Allegations: Failure to supervise financial advisors’ management of accounts from July 2014 to December 2016.
- Disposition: Settled on December 14, 2021, for $390,000. Turetzky was named due to his role as Branch Manager, though no failure to supervise was officially recognized.
- Customer Dispute 2:
- Date Notice Served: July 2, 2020
- Allegations: Similar to the first dispute, focusing on the period from July 2014 to December 2016.
- Disposition: Settled on December 16, 2021, for $475,000. Like the first dispute, Turetzky did not contribute to the settlement, and no fault was found in his supervisory duties.
- Customer Dispute 3:
- Date Notice Served: June 3, 2020
- Allegations: Again related to alleged supervisory failures from July 2014 to December 2016.
- Disposition: Settled on October 6, 2021, for $3,600,000. The complaints were settled by the firm with no contribution from Turetzky.
- Customer Dispute 4:
- Date Notice Served: August 14, 2018
- Allegations: Failure to supervise from 2011 to 2016, related to management of U.S. government debt securities.
- Disposition: Settled on November 20, 2018, for $1,200,000. This dispute also concluded without any adjudication of failure on Turetzky’s part.
Allegations Against David Turetzky
- General Allegations: All allegations against David Charles Turetzky relate to his supervisory role over other financial advisors. The claims involve the alleged inadequacy in supervising the advisors’ management of client accounts, which reportedly led to financial losses or were not in line with the clients’ expectations and investment objectives.
- Specific Accusations:
- Failure to supervise financial advisors properly.
- Alleged indirect responsibility for financial losses incurred by clients due to the actions or mismanagement by advisors under his supervision.
David Turetzky Red Flags & Your Rights As An Investor
Of course, David Turetzky 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 Turetzky at Ameriprise Financial Services, LLC and Liberty Partners Financial Services, LLC on alert to review carefully the activity and performance of their accounts and question whether David Turetzky has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Ameriprise Financial Services, LLC and Liberty Partners 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 David Turetzky
If you have questions about Ameriprise Financial Services, LLC, Liberty Partners Financial Services, LLC and/or David Turetzky 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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