DID JOHN FREDERICK MCLAUGHLIN CAUSE YOU INVESTMENT LOSSES?
John McLaughlin Of Ameriprise Financial Services And Formerly With Stifel Nicolaus & Company Has 3 Customer Complaints For Alleged Broker Misconduct
Who is John McLaughlin of Ameriprise Financial Services?
John McLaughlin (CRD #1407726) who is currently registered with Ameriprise Financial Services and located in Olean, New York is a subject of one of our many securities industry sales practice abuse investigations. Prior to Ameriprise Financial Services, John McLaughlin was associated with Stifel Nicolaus & Company and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
John McLaughlin Customer Complaints
John McLaughlin has been the subject of 3 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. Two of John McLaughlin’s 3 customer complaints were settled in favor of investors. One of John McLaughlin’s customers’ complaints was denied and, to date, the customer has not taken any further action.
Allegations Against John McLaughlin
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Client alleged that John McLaughlin’s recommendation to surrender an annuity contract was not suitable.
- Customers verbally alleged that unsuitable investments were purchased for their account by John McLaughlin.
- Client alleged that she was advised by John McLaughlin that there would be minimal financial ramifications associated with moving her funds from an annuity into tax-free municipal bonds. Client also questions the suitability of this investment for her 92 year old mother.
John McLaughlin Red Flags & Your Rights As An Investor
Of course, John McLaughlin 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 John McLaughlin at Ameriprise Financial Services and Stifel Nicolaus & Company on alert to review carefully the activity and performance of their accounts and question whether John McLaughlin has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Ameriprise Financial Services and Stifel Nicolaus & Company 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.
File A Claim To Recover Your Investment Losses At Ameriprise Financial Services Due To John McLaughlin
If you have questions about Ameriprise Financial Services, Stifel Nicolaus & Company, and/or John McLaughlin 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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