There are options for clients of Ameriprise Financial Services, LLC broker Ted Boutis (CRD# 2951760) who lose money related to unsuitable investment recommendations. He has been registered with Ameriprise Financial Services, LLC in Mineola, New York, since 1997.
Ted Boutis Customer Complaints
He has been the subject of four customer complaints between 2020 and 2022, according to his CRD report:
September 2022. “The Claimants allege respondents made unsuitable investment recommendations in mutual funds. The Claimants further allege the investments were misrepresented to them.” The case is currently pending. The complaint was regarding mutual funds, and the complaint took place while he was registered with Ameriprise Financial Services, LLC.
April 2021. “Claimants allege respondents recommended unsuitable investments in C-share mutual funds, variable annuities and the use of margin.” The case was settled for $125,000. The complaint was regarding variable and fixed annuities and mutual funds, and the complaint took place while he was registered with Ameriprise Financial Services, LLC.
April 2021. “Claimants allege respondent recommended unsuitable investments in C-share mutual funds, variable annuities and the use of margin.” The case was settled for $69,500. The complaint was regarding variable and fixed annuities and mutual funds, and the complaint took place while he was registered with Ameriprise Financial Services, LLC.
September 2020. “Claimant alleges that her advisor made poor investment recommendations specifically in C Share mutual funds.” The case was settled for $70,000.
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 Ted Boutis’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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