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Gary Ginsberg of Ameriprise Financial Services, LLC And Formerly With Royal Alliance Associates Has 4 Customer Complaints For Alleged Broker Misconduct

Who is Gary Ginsberg of Ameriprise Financial Services, LLC?

Gary Ginsberg (CRD #1175258) who is currently registered with Ameriprise Financial Services, LLC and located in West Orange, New Jersey is a subject of one of our many securities industry sales practice abuse investigations. Prior to Ameriprise Financial Services, LLC, Gary Ginsberg was associated with Royal Alliance Associates and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Gary Ginsberg Customer Complaints

Gary Ginsberg has been the subject of 4 customer complaints that we know about, two of those complaints were filed in the last year to recover investment losses. Two of Gary Ginsberg’s 4 customer complaints were settled in favor of investors. One of Gary Ginsberg’s customers’ complaints was denied and the customer did not take any further action. There is currently one pending customer complaint filed against Royal Alliance Associates for investment losses caused by Gary Ginsberg’s alleged misconduct. 

Allegations Against Gary Ginsberg

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

  • Claimant alleges Royal Alliance’s due diligent review of an alternative investment by Gary Ginsberg was unreasonable.
  • Client alleges that the purchase of a non-traded REIT by Gary Ginsberg was unsuitable.
  • Customer alleges that he requested that a beneficiary IRA account be opened in connection with the purchase of a variable annuity, but that a traditional IRA was opened instead by Gary Ginsberg and that this allegedly caused an increased tax liability.
  • It is alleged that Gary Ginsberg “exposed claimant’s principal to unwanted and unreasonable risk.”

Gary Ginsberg Red Flags & Your Rights As An Investor

Of course, Gary Ginsberg 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 Gary Ginsberg at Ameriprise Financial Services, LLC and Royal Alliance Associates on alert to review carefully the activity and performance of their accounts and question whether Gary Ginsberg 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 Royal Alliance Associates 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 Gary Ginsberg

If you have questions about Ameriprise Financial Services, LLC, Royal Alliance Associates, and/or Gary Ginsberg 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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