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Michael Sandberg Of Ameriprise Financial Services, LLC Has 10 Customer Complaints For Alleged Broker Misconduct

Who is Michael Sandberg of Ameriprise Financial Services, LLC?

Michael Sandberg

Michael Sandberg (CRD #1949867) who is currently registered as a broker and investment adviser with Ameriprise Financial Services, LLC and located in Boca Raton, Florida, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Ameriprise Financial Services, LLC, Michael Sandberg was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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Michael Sandberg Customer Complaints

Michael Sandberg has been the subject of 10 customer complaints that we know about to recover investment losses. Seven of the customer complaints were settled by Michael Sandberg’s former employers in favor of the investors. One of the customer complaints was denied by Prudential securities and the customer took no further action. There are currently 2 pending arbitration proceedings against Michael Sandberg’s former employers for his alleged misconduct.

Allegations Against Michael Sandberg

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

  • Fraud, breach of fiduciary duty, negligence, and breach of contract in connection with unsuitable investments in annuities and ETF’s.
  • Failure to fully disclose material facts related to an annuity exchange.
  • Unsuitable recommendation of mortgage-backed securities.
  • Unauthorized trading and misrepresentations related to activity in the accounts.
  • Misrepresentation in the mishandling of client’s account.
  • Breach of fiduciary duty, breach of contract, suitability, misrepresentation, negligence and unauthorized trading.

Michael Sandberg Red Flags & Your Rights As An Investor

Of course, Michael Sandberg 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 Michael Sandberg at Ameriprise Financial Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Michael Sandberg has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Ameriprise Financial Services, LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

best investment fraud lawyers

If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Ameriprise Financial Services, LLC Due To Michael Sandberg

If you have questions about Ameriprise Financial Services, LLC and/or Michael Sandberg 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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