DID GARY DAVID GINSBERG CAUSE YOU INVESTMENT LOSSES?
Gary David Ginsberg with Ameriprise Financial Services, LLC Has 3 Customer Complaints For Alleged Broker Misconduct In the Past 2 Years
Who is Gary D. Ginsberg with Ameriprise Financial Services, LLC?
Gary Ginsberg (CRD #1175258) who is currently registered with Ameriprise Financial Services, LLC and located in West Orange, New Jersey is a subject of one of our many securities industry sales practice abuse investigations. Prior to Ameriprise Financial Services, LLC, Gary Ginsberg was associated with Royal Alliance Associates, Inc. and two other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Gary Ginsberg has had his own share of regulatory problems. In 2010, the New York State Department of Insurance investigated the sale of annuity contracts when he was not licensed to sell any products in that state. He consented to a fine of $20,600 which he paid in full.
Royal Alliance Associates Broker Misconduct
In his career, Gary Ginsberg has been the subject of 4 customer complaints that we know about, 3 of those complaints were filed in the last year to recover investment losses. All 4 of the customer complaints arose in connection with his employment at Royal Alliance Associates. Two of Gary Ginsberg’s 4 customer complaints were settled in favor of investors. One of his customer complaints was denied by his employer in today, the customer is not taking any further action. The other customer complaint filed against Gary Ginsberg’s former employer, Royal Alliance Associates for investment losses caused by his alleged misconduct is currently pending.
Allegations Against Gary Ginsberg
A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:
- Customer led to the financial advisor exposed claimants principal to an unwanted and unreasonable risk of loss.
- Customer alleges that a variable annuity investment was placed erroneously in a traditional IRA account.
- Client alleged that financial advisor recommended a non-traded REIT which was unsuitable and in light of his investment objectives and financial condition.
- Claimant alleges that there was a failure of due diligence in connection with an alternative real estate investor recommended by financial advisor.
Gary Ginsberg Red Flags & Your Rights As An Investor
Of course, Gary Ginsberg 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 Gary Ginsberg at Ameriprise Financial Services, LLC and Royal Alliance Associates on alert to review carefully the activity and performance of their accounts and question whether Gary Ginsberg has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints about Gary Ginsberg at Royal Alliance Associates also raises questions about its supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim To Recover Your Investment Losses At Ameriprise Financial Services, LLC And Royal Alliance Associates
If you have questions about Ameriprise Financial Services, LLC, Royal Alliance Associates and/or Gary Ginsberg 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.
Rate this Post
Loading...