It’s critical for everyone to learn all they can about the individuals with whom they entrust their money. There are several places where you may discover information on a person’s background, including prior employment history, regulatory enforcement actions, and consumer complaints.
If you suffered investment losses due to Cedric Powell, we will do our best to answer any questions you may have.
DID CEDRIC PERCELL POWELL CAUSE YOU INVESTMENT LOSSES?
Cedric Powell Of Ameriprise Financial Services LLC And Formerly With Northwestern Mutual Investment Services, LLC Has 4 Customer Complaints For Alleged Broker Misconduct
Who is Cedric Powell of Ameriprise Financial Services LLC?
Cedric Powell (CRD #3249130) who is currently registered with Ameriprise Financial Services LLC and located in Tampa, Florida is a subject of one of our many securities industry sales practice abuse investigations. Prior to Ameriprise Financial Services LLC, Cedric Powell was associated with Northwestern Mutual Investment Services, LLC and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Cedric Powell Customer Complaints
Cedric Powell has been the subject of 4 customer complaints that we know about, 4 of those complaints were filed in the last year to recover investment losses. Two of Cedric Powell’s 4 customer complaints were settled in favor of investors. Two of Cedric Powell’s customer complaints were denied and, to date, the customers have not taken any further action.
Allegations Against Cedric Powell
A sample of the allegations made in the FINRA reported federal court and arbitration pending complaints for investment losses are as follows:
- Unauthorized withdrawals of funds from mutual fund account to pay premiums on insurance policies the customers were not aware existed.
- Financial Advisor purchase new life insurance policies as part of an investment portfolio and completed applications without their permission.
- Failure to explain risks of withdrawals from a 403B retirement account leading to unintended tax consequences.
Cedric Powell Red Flags & Your Rights As An Investor
Of course, Cedric Powell 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 Cedric Powell at Ameriprise Financial Services LLC and Northwestern Mutual Investment Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Cedric Powell has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Ameriprise Financial Services LLC and Northwestern Mutual Investment 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.
File A Claim To Recover Your Investment Losses At Ameriprise Financial Services LLC Due To Cedric Powell
If you have questions about Ameriprise Financial Services LLC, Northwestern Mutual Investment Services, LLC, and/or Cedric Powell 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.