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David Cameron Monckton Of Ameriprise Financial Services, LLC And Formerly with The Voya Financial Advisors, Inc. Has 2 Customer Complaints for Alleged Broker Misconduct in The Past Year

Who is David C. Monckton with Ameriprise Financial Services, LLC?

David Monckton (CRD #2252224) who is currently registered with Ameriprise Financial Services, LLC and located in Seneca, South Carolina is a subject of one of our many securities industry sales practice abuse investigations.  

Prior to Ameriprise Financial Services, LLC, David Monckton was associated with Voya Financial Advisors, Inc. and 5 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Ameriprise Financial Services, LLC Broker Misconduct

In his career, David Monckton has been the subject of 3 customer complaints that we know about, two of those complaints were filed in the last year to recover investment losses.

One of David Monckton’s 3 customer complaints was settled in favor of investors. There are currently 2 pending customer complaints filed against David Monckton’s former employer Voya Financial Advisors, Inc. for investment losses caused by his alleged misconduct.

Allegations Against David Monckton

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

  • Claimants alleged mismanagement of their accounts, and that David Monckton made misrepresentations and unsuitable investment recommendations which were in breach of the financial advisor’s fiduciary duty, fraudulent, negligent, and in breach of contract.
  • Claimants alleged that David Monckton’s investment recommendations to invest in high risk, ill liquid, and/or non-traded REITs, business development companies, and closed-end funds were unsuitable recommendations.
  • Claimants alleged that he desired to protect his principal and that David Monckton made unsuitable investment recommendations to invest in REITs and closed-end funds.

David Monckton Red Flags & Your Rights as An Investor

Of course, David Monckton 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 that should put all current and former customers of David Monckton at Ameriprise Financial Services, LLC and Voya Financial Advisors, Inc. on alert to review carefully the activity and performance of their accounts and question whether David Monckton has engaged in any stockbroker misconduct that may have caused them investment losses.

The large number of customer complaints at Voya Financial Advisors, Inc. also raises questions about its 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

If you have questions about Ameriprise Financial Services, LLC, Voya Financial Advisors, Inc. and/or David Monckton 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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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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