DID MICHAEL SANDBERG CAUSE YOU INVESTMENT LOSSES?
Michael Sandberg Of Ameriprise Financial Services, LLC Has 10 Customer Complaints For Alleged Broker Misconduct
About Michael Sandberg of Ameriprise Financial Services, LLC?
Michael Sandberg (CRD #1949867) is currently employed by Ameriprise Financial Services, LLC as a registered broker and investment advisor in Boca Raton, Florida, since November 22, 2019. Sandberg’s career spans multiple firms, with registrations at Oppenheimer & Co. Inc., Newbridge Securities Corporation, and several other organizations over the years. He is registered in 21 U.S. states and territories, indicating a wide-reaching practice. Sandberg has passed two general industry/product exams and two multi-state securities law exams. His extensive experience and broad registration footprint underline his established presence in the financial services industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Michael Sandberg Customer Complaints and Reviews
Michael Sandberg has several disclosure events in his record:
- Regulatory Event (1 Final): In 2005, a regulatory action was taken by the state of Florida involving frequent buying and selling of mutual funds that resulted in significant sales charges to clients. The case was resolved with a stipulation and consent, including a cease and desist order and a $10,000 fine.
- Customer Disputes (10 Total; 1 Pending, 9 Settled): These disputes involve various allegations such as unauthorized trading, unsuitable investment recommendations, and excessive trading, among others. The settlements have varied, with some disputes involving significant monetary settlements and others resolved with minimal or no financial contribution from Sandberg.
Allegations Against Michael Sandberg
The allegations against Michael Sandberg in the regulatory and customer complaint disclosures include:
- Unauthorized trading and excessive trading that led to significant client costs.
- Unsuitable investment recommendations across various financial products including annuities, ETFs, and mutual funds.
- Breach of fiduciary duty, fraud, and breach of contract as cited in several customer disputes.
- Frequent trading of mutual funds causing clients to incur high sales charges, which was the subject of the regulatory action by the state of Florida.
Michael Sandberg Red Flags & Your Rights As An Investor
Of course, Michael Sandberg 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 Michael Sandberg at Ameriprise Financial Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Michael Sandberg 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 Michael Sandberg
If you have questions about Ameriprise Financial Services, LLC and/or Michael Sandberg 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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