Ameriprise Financial Services, LLC broker Guy Colella (CRD# 1646164) was accused of unsuitable investment recommendations. He has been registered with Ameriprise Financial Services, LLC in Boca Raton, Florida, since 2011.
Guy Colella Customer Complaints
He has been the subject of four customer complaints between 1998 and 2023, one of which was denied, according to his CRD report. The most recent complaints were regarding:
April 2023. “Claimants allege that, beginning in March 2021, their advisor made unsuitable investment recommendations including recommending they surrender annuities and invest in unsuitable stocks and mutual funds. Claimants also allege breach of fiduciary duty, excessive trading, and inappropriately coding their accounts with a risk tolerance and investment objective inappropriate for their age. In addition, claimants allege failure to supervise. Claimants request compensatory damages of $420,000 plus fees and other monetary relief.” The customer is seeking $420,000 in damages, and the case is currently pending. The complaint was regarding fixed annuities, common and preferred stocks, and mutual fund investment losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Ameriprise Financial Services, LLC may be liable for investment or other losses suffered by Guy Colella’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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