DID PETER DIETER NETT CAUSE YOU INVESTMENT LOSSES?
Peter Nett Of Hilltop Securities Inc. And Formerly With Ameriprise Financial Services, LLC Has 3 Customer Complaints For Alleged Broker Misconduct
About Peter Nett Of Hilltop Securities Inc.?
Peter Nett (CRD #4506990) is currently employed by Hilltop Securities Inc., located in The Woodlands, Texas, where he has been registered since September 23, 2022. He is licensed to operate in 15 U.S. states and territories and is a member of three Self-Regulatory Organizations (SROs). Nett has passed two general industry/product exams and one multi-state securities law exam. His professional journey has spanned various firms, including a long tenure at Ameriprise Financial Services, LLC, from April 2002 to September 2022, indicating a significant period of consistent service within the financial industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Peter Nett Customer Complaints and Reviews
Peter Dieter Nett has several negative disclosures reported:
- Customer Disputes (3 Reported):
- Dispute 1 (Settled): Allegations were made that Nett recommended unsuitable investments, including an energy fund and annuities, starting in 2014. The claimants alleged these were recommended to generate commissions. This dispute was settled with Nett’s member firm paying compensatory damages and attorney fees totaling $51,375.
- Dispute 2 (Settled): In another instance, a client from a prior position at American Express Financial Advisors claimed losses from incorrect advice regarding investment liquidation, leading to a settlement of $5,333 in 2004.
- Dispute 3 (Closed – No Action): A complaint in 2004 involved a lack of disclosure about tax implications for an IRA conversion, which was closed without action as the activity occurred at an external firm without Nett’s involvement.
Allegations Against Peter Nett
The allegations and accusations against Peter Dieter Nett include:
- Unsuitable Investment Recommendations: In several disputes, Nett was accused of recommending investments that were unsuitable for the clients’ profiles, particularly focusing on products like annuities and energy funds purportedly to earn commissions.
- Misinformation and Lack of Disclosure: Nett faced allegations of providing incorrect information regarding investment products and failing to disclose tax implications related to an IRA conversion, though the latter complaint was dismissed.
Peter Nett Red Flags & Your Rights As An Investor
Of course, Peter Nett 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 Peter Nett at Hilltop Securities Inc. and Ameriprise Financial Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Peter Nett has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Hilltop Securities Inc. and Ameriprise 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 Hilltop Securities Inc. Due To Peter Nett
If you have questions about Hilltop Securities Inc., Ameriprise Financial Services, LLC and/or Peter Nett 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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