Securities Lawyers Blog
Ameriprise Financial Services, Inc. (Ameriprise) financial advisor Jonathan Mirer (Mirer) has subject to seven customer complaints according to BrokerCheck records. Mirer has been employed with Ameriprise since July 2016. According to BrokerCheck the most recent customer complaints allege unsuitable investments and unauthorized trading among other claims.
The most recent complaint was filed in October 2016 and alleges unauthorized trading causing $62,000 in damages. The complaint was settled. In April 2016 another investor filed a complaint alleging damages as a result of unsuitable investments in energy stocks. The complaint was settled. The securities lawyers of Gana Weinstein LLP continue to investigate the customer complaints against Mirer.
Our firm is currently tracking a number of brokers that severely concentrated their clients in the oil and gas and commodities sectors which has historically possessed speculative risks due to the volatile nature of commodities prices. Before making such recommendations, financial advisors must ensure that the oil and gas and commodities related investments being recommended to their client is appropriate for the investor and conduct due diligence on the company before making the recommendation. Unfortunately, sometimes adivsors fail to conduct sufficient research or understand the risks and prospects of the company and the volatile nature of commodities.