ALAN PERRY HESS is currently employed as a Broker and/or Investment Adviser at AMERIPRISE FINANCIAL SERVICES, INC. located at 12 STILLWATER AVE, STE 4, BANGOR, ME, 04401-3984.
ALAN PERRY HESS has worked at AMERIPRISE FINANCIAL SERVICES, INC. since April 13, 2012
Disclosure History
ALAN PERRY HESS has 4 Disclosure Event(s).
Date: July 28, 2005 Category: Regulatory Initiated By: MAINE OFFICE OF SECURITIES Allegations: RESPONDENTS ALLEGEDLY EFFECTED UNSUITABLE SECURITIES TRANSACTIONS FOR A MAINE COUPLE AND ALLEGEDLY FAILED TO REASONABLY SUPERVISE THE SALES AGENT ASSIGNED TO THEIR ACCOUNT. Resolution: Other Broker Comment: RESPONDENT HESS AND COMMONWEALTH ALLEGEDLY EFFECTED SECURITIES TRANSACTIONS FOR A MAINE COUPLE WHICH WERE UNSUITABLE FOR THE CLIENTS UNDER THE CIRCUMSTANCES. IN ADDITION, RESPONDENTS COMMONWEALTH, KELLY AND WHEELER ALLEGEDLY FAILED TO REASONABLY SUPERVISE HESS IN CONNECTION WITH THIS ACCOUNT. THE PARTIES ENTERED INTO A CONSENT AGREEMENT, IN WHICH THEY NEITHER ADMITTED NOR DENIED LIABILITY, WHEREBY COMMONWEALTH WILL PAY $52,193 IN RESTITUTION TO THE TWO MAINE INVESTORS AT ISSUE IN THE CASE. NONE OF THE INDIVIDUAL RESPONDENTS CONTRIBUTED TOWARDS THIS RETRIBUTION AMOUNT. THIS CONSENT AGREEMENT RESOLVES MATTERS REFERENCED IN THE EARLIER NOTICE OF INTENT.
Date: December 24, 2002 Category: Customer Dispute Allegations: CLIENT ALLEGES PORTFOLIO LOSSES IN EQUITIES WERE DUE TO UNSUITABLE RECOMMENDATIONS. Damage Amount Requested: $298,000.00 Settlement Amount: $75,000.00
Date: June 20, 2001 Category: Customer Dispute Allegations: CUSTOMER UPSET WITH INVESTMENT RESULTS. Damage Amount Requested: $36,000.00 Settlement Amount: $52,193.00
Date: June 18, 1993 Category: Customer Dispute Allegations: CLAIMANT ALLEGES THAT BROKER FAILED OTPROPERLY INFORM THEM OF THE INHERENT RISKS INVOLVED IN ALIMITED PARTNERSHIP INVESTMENT IN ALERT INCOME PARTNERS.MISREPRESENTATION, OMISSION OF FACTS, ACCOUNT-RELATED BREACH OFCONTRACT, BREACH OF FIDUCIARY DUTY Settlement Amount: $10,000.00 Broker Comment: RELIEF AWARDED IN THE AMOUNT OF $10,000.00.I VEHEMENTLY DENY CLAIMANT'S ALLEGATIONS. ALONGWITH COUNSEL, I VIGOROUSLY DEFENDED MYSELF AGAINST THEIRMISSTATEMENTS. CASED WAS CLOSED WITH A MONETARY SETTLEMENT OF$10,000.00. MEANS INVESTMENT COMPANY PAID THE SETTLEMENT; IWASNO INVOLVED IN THE SETTLEMENT.
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