Arbitration award against an Ameriprise broker who deceived an investor


The Law Office of Jared A. Rose won a $776,462 award along with attorney Diane Nygaard on behalf of an elderly investor. The investor had placed his trust in Ameriprise and one of its brokers, and the arbitration panel found that Ameriprise had breached its fiduciary duties to the investor by selling him variable annuities and non-publicly traded REITs that generated large fees and commissions for Ameriprise and its broker but did not serve the investor’s best interests.

A PDF of the panel’s decision can be found here.

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Past results afford no guarantee of future results and every case is different and must be judged on its own merits.

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