Julie Ann Smith of Durham North Carolina a stockbroker formerly registered with Ameriprise Financial Services Inc. is the subject of a customer initiated investment related complaint which was resolved on November 16, 2018 for $115,966.29 in damages supported by allegations that Smith utilized an unsuitable market-timing investment strategy involving non-traditional investments which included (1) derivatives (2) managed futures (3) commodities (4) leveraged funds.

FINRA Public Disclosure reveals that Smith has been identified in nine additional customer initiated investment related disputes containing accusations of her violative conduct during the time that he was associated with Ameriprise Financial Services. Specifically, on October 24, 2008, a customer filed an investment related complaint involving Smith’s activities in which the customer sought $300,000.00 in damages founded on allegations that equity investment recommendations made to the customer were not suitable especially given the customer’s stated concerns about market volatility and intent to protect principal.

On September 16, 2014, another customer filed an investment related complaint involving Smith’s conduct where the customer requested $90,000.00 in damages based upon accusations that omissions had been made to the customer concerning the fees assessed on investment transactions; the customer suffered unwarranted investment performance on exchange traded funds; and the customer’s account had not been liquidated in a timely manner. Thereafter, a customer initiated investment related arbitration claim concerning Smith’s conduct was settled for $650,000.00 in damages supported by allegations that Smith was inappropriately placed in alternative investments including derivatives, options, commodities, leveraged exchange traded funds, inverse exchange traded funds, and short leveraged funds. FINRA Arbitration No. 14-02920 (Nov. 20, 2015).

Moreover, a customer initiated investment related arbitration claim regarding Smith’s activities was resolved for $1,810,000.00 in damages founded on accusations against Smith of market-timing in customers’ account and failing to appropriately invest the customers’ funds. FINRA Arbitration No. 15-03399 (Nov. 16, 2016). Then, a customer initiated investment related complaint concerning Smith’s conduct was settled on November 16, 2016 for $115,966.29 in damages based upon allegations that Smith placed unsuitable amounts of commodities, managed futures and derivatives in the customer’s account.

Also, on November 16, 2016, a customer initiated investment related complaint regarding Smith’s activities was resolved for $225,271.56 in damages supported by accusations of unsuitability pertaining to the customer’s alternative investments.

Smith’s registration with Ameriprise Financial Services Inc. has been terminated as of January 15, 2015.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation. (877) SEC-ATTY

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)

Website

%d bloggers like this: