Former Ameriprise Financial Services, LLC broker John Engler Sr. (CRD# 835827) is accused of unsuitable investment recommendations. He was registered with Ameriprise Financial Services, LLC in Martinez, Georgia, from 2014 to 2023.
In April 2024, FINRA barred him after he “consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA in connection with its investigation into the circumstances giving rise to an amended U5 filed by his former member firm disclosing a customer lawsuit against the firm alleging that he made unsuitable investments and misappropriated from her account.”
John Engler Sr. Customer Complaints
He has been the subject of three customer complaints between 1993 and 2023, one of which was closed without action, according to his CRD report. The most recent complaint was regarding:
February 2023. “Plaintiff alleges that she was recommended unsuitable investments and an aggressive margin investment strategy.” The case is currently pending.
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 John Engler Sr.’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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