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Michael Saunders Formerly With Ameriprise Financial Services, Inc. Has 3 Customer Complaints For Alleged Broker Misconduct

Who is Michael Saunders formerly with Ameriprise Financial Services, Inc.?

Michael Saunders

Michael Saunders (CRD #1639305) who was formerly registered with Ameriprise Financial Services, Inc. and located in Woodland Hills, California, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Ameriprise Financial Services, Inc., Michael Saunders 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 Saunders Customer Complaints

Michael Saunders has been the subject of 3 customer complaints that we know about to recover investment losses. Two of the customer complaints were settled by UBS Financial Services in favor of the investor. Ameriprise Financial Services denied the other customer complaint and, to date, customer is not taken any further action.

Allegations Against Michael Saunders

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

  • Advisor recommended unsuitable, high commission, high risk, and speculative alternative investments in a business development company.
  • Misrepresentations and unauthorized trading.
  • Misrepresentation a mutual fund investment and failure to disclose tax implications resulting from IRA distributions.

Michael Saunders Red Flags & Your Rights As An Investor

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

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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, Inc. Due To Michael Saunders

If you have questions about Ameriprise Financial Services, Inc. and/or Michael Saunders 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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