DID WILLIAM HARRY DEVINE CAUSE YOU INVESTMENT LOSSES?
About William Devine formerly with Ameriprise Financial Services LLC?
William Devine (CRD #4798723) , located in Lawrenceville, New Jersey, has a professional background as a registered broker in the securities industry spanning over 20 years. He was most recently employed with Ameriprise Financial Services, LLC from March 2019 to July 2024 and previously worked at David Lerner Associates, Inc. from June 2004 to March 2019. Mr. Devine passed two general industry/product exams (Securities Industry Essentials Examination and Series 7) and two multi-state securities law exams (Series 63 and Series 65). However, he has no principal or supervisory exam qualifications. Mr. Devine is not currently registered as a broker. During his tenure in the financial industry, his work focused on financial advisory and investment counseling.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
William Devine Customer Complaints and Reviews
Mr. Devine has one disclosure related to a customer dispute, which is currently pending arbitration:
- Customer Dispute:
- Date Filed: October 30, 2024.
- Complaint: The client claimed that Mr. Devine wrongfully recommended withdrawing large sums of money from an inherited IRA account to fund the purchase and construction of a home. This allegedly resulted in significant unplanned capital gains taxes.
- Alleged Damages: $860,000
- Status: The dispute is pending and filed with FINRA arbitration in California under Case #24-02323.
Allegations Against William Devine
The pending customer dispute against Mr. Devine raises significant concerns regarding the suitability of his investment recommendations. Key allegations include:
- Mismanagement of IRA Funds: The client alleges that Mr. Devine advised large withdrawals from an inherited IRA, resulting in substantial tax consequences.
- Financial Impact: The damages sought are substantial, totaling $860,000, reflecting the alleged tax liability incurred.
While the dispute has not been adjudicated, it highlights the importance of aligning investment advice with financial goals and tax considerations.
William Devine Red Flags & Your Rights As An Investor
Of course, William Devine 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 William Devine at Ameriprise Financial Services LLC on alert to review carefully the activity and performance of their accounts and question whether William Devine 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 William Devine
If you have questions about Ameriprise Financial Services LLC and/or William Devine 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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