DID JOSEPH WILLIAM ELLIS CAUSE YOU INVESTMENT LOSSES?
Joseph Ellis Of Ameriprise Financial Services Has 2 Customer Complaints For Alleged Broker Misconduct
About Joseph Ellis Of Ameriprise Financial Services?
Joseph Ellis (CRD #2427967) has a solid background in the financial services industry, currently affiliated with Ameriprise Financial Services, LLC in La Grange, Georgia (CRD# 6363) since September 2016. Ellis has a registration history across 16 U.S. states and territories and is registered with one Self-Regulatory Organization (SRO). Throughout his career, Ellis has passed two general industry/product exams and two multi-state securities law exams. His career spans several firms, including Commonwealth Financial Network, LPL Financial LLC, and Edward Jones, evidencing a broad experience within the sector.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Joseph Ellis Customer Complaints and Reviews
Joseph W. Ellis has two recorded customer disputes:
- Dispute 1 (Settled in 2019): Ellis was alleged to have placed claimants in unsuitable, illiquid investments. The case, involving corporate debt and real estate securities, was settled for $12,500.00, although the claimants initially alleged damages of $250,000.00.
- Dispute 2 (Settled in 2002): The customer alleged unauthorized stock sales and unapproved mutual fund purchases in 2001 and 2002, questioning the discretionary control granted to Ellis. The dispute was settled by reinstating the account and compensating them for any potential financial implications, with a settlement amount of $1,000.00.
Allegations Against Joseph Ellis
- 2019 Allegation: Ellis faced allegations regarding the placement of investments in unsuitable and illiquid options, specifically corporate debt and real estate securities, which were deemed not fitting the client’s investment profile.
- 2001-2002 Allegation: Ellis was accused of unauthorized trading and mismanagement of a client’s account, including the unauthorized sale of stocks and subsequent purchase of mutual funds, leading to questions about the discretionary authority exercised over the client’s account.
Joseph Ellis Red Flags & Your Rights As An Investor
Of course, Joseph Ellis 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 Joseph Ellis at Ameriprise Financial Services on alert to review carefully the activity and performance of their accounts and question whether Joseph Ellis has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Ameriprise Financial Services 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 Due To Joseph Ellis
If you have questions about Ameriprise Financial Services and/or Joseph Ellis 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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