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Barry Abrams Formerly With Ameriprise Financial Services, Inc. Has 5 Customer Complaints For Alleged Broker Misconduct

Who is Barry Abrams formerly with Ameriprise Financial Services, Inc.?

Barry Abrams (CRD #488) who was formerly registered with Ameriprise Financial Services, Inc. and located in Marlton, New Jersey is a subject of one of our many securities industry sales practice abuse investigations.  

Barry Abrams Customer Complaints

Barry Abrams has been the subject of 5 customer complaints that we know about, 2 of those complaints were filed in the last year to recover investment losses. Three of Barry Abrams’ 5 customer complaints were settled in favor of investors. Two of Barry Abrams’ customer complaints were denied and, to date, the customers have not taken any further action.

Allegations Against Barry Abrams

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Unsuitable investment recommendations to invest in FS Energy and Power and Corporate Capital Trust which was negligent and in breach of financial advisors fiduciary duty.
  • Churning, misrepresentation, gross mismanagement of accounts, and unauthorized use of discretion in the management of customer’s account.
  • Failure to disclose markup.

Barry Abrams Red Flags & Your Rights As An Investor

Of course, Barry Abrams 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 Barry Abrams at Ameriprise Financial Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Barry Abrams has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Ameriprise Financial Services, Inc. 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, Inc. Due To Barry Abrams

If you have questions about Ameriprise Financial Services, Inc. and/or Barry Abrams 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.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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