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Murray Petersen Formerly With Ameriprise Financial Services, LLC and SCF Securities, Inc. Has 15 Customer Complaints For Alleged Broker Misconduct

Who is Murray Petersen formerly with Ameriprise Financial Services, LLC?

Murray Petersen

Murray Petersen (CRD #1311730) who was formerly registered as a broker and investment adviser with Ameriprise Financial Services, LLC and located in Roseville, California, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Ameriprise Financial Services, LLC, Murray Petersen was associated with SCF Securities, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Murray Petersen has had his own regulatory problems. In 2021 he was permanently barred by FINRA from any further association with any member firm for engaging in outside jewelry business activities without firm approval.

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Murray Petersen Customer Complaints

Murray Petersen has been the subject of 15 customer complaints that we know about to recover investment losses. Eleven of the customer complaints were settled by Murray Petersen’s former employers in favor of the investors. Three of the customer complaints were denied by his former employer and the customers took no further action. There is currently one FINRA arbitration proceeding pending for Murray Petersen’s alleged misconduct.

Allegations Against Murray Petersen

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

  • Failure to disclose 10% penalty for variable annuity withdrawal.
  • Failure to disclose advisory fees.
  • Fraud in breach of fiduciary duty related to outside business activity.
  • Fraud and breach of fiduciary duty in connection with the sale of jewelry to customers.

Murray Petersen Red Flags & Your Rights As An Investor

Of course, Murray Petersen 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 Murray Petersen at Ameriprise Financial Services, LLC and SCF Securities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Murray Petersen 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 SCF Securities, Inc. 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.

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, LLC Due To Murray Petersen

If you have questions about Ameriprise Financial Services, LLC, SCF Securities, Inc. and/or Murray Petersen 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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