PEORIA, ARIZONA Did you lose money with financial advisor Scott Taubman from Peoria, Arizona? He was suspended for four months by FINRA. FINRA began its investigation after he was “permitted to resign” by his former brokerage firm, Ameriprise Financial Services. Mr. Taubman was under internal investigation by Ameriprise Financial Services, regarding allegations that he borrowed $100,000 from two customers. Financial advisors generally cannot borrow money from clients, with limited exceptions, and the advisor must get prior approval to borrow money from clients.

Scott Taubman held securities licenses with Ameriprise Financial Services from March 2017 to September 2022 and previously with Allstate Financial Services from 2008 to March 2017. He worked in Peoria, Arizona. Taubman has also been the subject of a 2022 bankruptcy and a 2023 customer complaint.

Under FINRA Rule 3240, an advisor can borrow from a customer but under certain circumstances. Likewise, under FINRA Rule 3111, brokerage firms are required to have written supervisory and compliance procedures. If brokerage firms fail to reasonably supervise its advisors, it may be liable for customer losses.

Our firm has represented numerous investors throughout Arizona and have sued dozens of brokerage firms in the past, including Ameriprise Financial Services. Attorney Aaron Israels is licensed to practice law in Arizona, and we maintain an office in Phoenix, Arizona.

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If you lost money with Scott Taubman or Ameriprise Financial Services, please Contact Us at 206-795-5798 for a free evaluation of your case.

LANCASTER, PENNSYLVANIA Have you invested with financial advisor Cynthia Beyerlein from Lancaster, Pennsylvania? She was suspended for eight months by FINRA. FINRA began its investigation of Beyerlein after she was fired by her brokerage firm, Ameriprise Financial Services. She was under internal investigation by Ameriprise Financial Services, regarding allegations that she borrowed $190,000 from a customer. Financial advisors generally cannot borrow money from clients, with limited exceptions, and the advisor must get prior approval to borrow money from clients.

Cynthia Beyerlein held her securities license with Ameriprise Financial Services from April 2014 to March 2023, and later went to Kingswood Capital Partners. She worked in Lancaster, Pennsylvania.

Under FINRA Rule 3240, an advisor can borrow from a customer but only under certain circumstances. Likewise, under FINRA Rule 3111, Brokerage firms are required to have written supervisory and compliance procedures. If Ameriprise failed to reasonably supervise its advisors, it may be liable for customer losses.

Our firm has represented numerous investors throughout Pennsylvania and have sued dozens of brokerage firms in the past, including Ameriprise Financial Services.

View BrokerCheck Report here. View BrokerCheck Report here.

If you lost money with Cynthia Beyerlein or Ameriprise Financial Services, please Contact Us at 206-795-5798 for a free evaluation of your case.

Have you lost money with financial advisor Jason Garofalo, with Ameriprise Financial Services, in Las Vegas, Nevada? We are looking into allegations made against Jason Garofalo. Garofalo has been the subject of a recent customer complaint. Garofalo was alleged to have sold unsuitable investments in non-traded REITs (real estate investment trusts) like Hospitality Investors Trust and Inventrust Properties. These REITs alleged caused $150,000 in damages.

Jason Garofalo has been a financial advisor and registered representative of Ameriprise Financial Services from November 2015 to the present. He worked at a branch office in Las Vegas, Nevada. Garofalo was also the subject of a complaint in 2012 that resulted in a $668,000 award against his former firm.

Brokerage firms like Ameriprise Financial Services have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Nevada. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Ameriprise Financial Services.

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If you lost money with Jason Garofalo or Ameriprise Financial Services, please Contact Us at 720-599-3505 for a free evaluation of your case.