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Denis Michael Drummey formerly with Ameriprise Financial Services, Inc. Has 2 Customer Complaints For Alleged Broker Misconduct In the Past Year

Who is Denis M. Drummey formerly with Ameriprise Financial Services, Inc.?

Denis Drummey (CRD #4910232) who was formerly registered with Ameriprise Financial Services, Inc. and located in Hingham, Massachusetts is a subject of one of our many securities industry sales practice abuse investigations. Prior to Ameriprise Financial Services, Inc., Denis Drummey was associated with LPL Financial LLC and 2 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

LPL Financial, LLC Broker Misconduct

In his career, Denis Drummey has been the subject of 2 customer complaints that we know about, both of those complaints were filed in the last year against LPL Financial, LLC to recover investment losses. One of Denis Drummey’s 2 customer complaints was settled in favor of investors. The other customer complaint was denied by his former employer LPL Financial, LLC and to date, the customer has not taken any further action. 

Allegations Against Denis Drummey

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

  • Customer alleged that Denis Drummey made an unsuitable investment recommendation to purchase an interest in a business development company. Further, that the financial information the financial advisor placed on count paperwork was overstated.
  • Customer alleged that Denis Drummey made misrepresentations in unsuitable investment recommendations connection with the purchase of REITs.

Denis Drummey Red Flags & Your Rights As An Investor

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

If you have questions about Ameriprise Financial Services, Inc., LPL Financial LLC and/or Denis Drummey 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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