DAVID JOHN DE RHODO

DAVID JOHN DE RHODO is currently employed as a Broker and/or Investment Adviser at AMERIPRISE FINANCIAL SERVICES, INC. located at 709 LONG POINT ROAD, SUITE A, MT. PLEASANT, SC, 29464.

DAVID JOHN DE RHODO has worked at AMERIPRISE FINANCIAL SERVICES, INC. since February 26, 1990

Disclosure History

DAVID JOHN DE RHODO has 2 Disclosure Event(s).

Date: March 27, 2009
Category: Customer Dispute
Allegations: THE CLIENT ALLEGED THEY ASKED THE ADVISOR FOR A REPORT ON THEIR ACCOUNTS. THURSDAY FEBRUARY 26, 2009 AND DID NOT RECEIVE A REPLY UNTIL THE FOLLOWING TUESDAY MARCH 3, 2009. THEY STATED THE DELAY COST THEM $4,000. ADDITIONALLY, THEY STATED THEIR PORTFOLIO HAD DECLINED SINCE THE END OF 2007 BY $34,000.
Damage Amount Requested: $38,000.00
Broker Comment: OUR REVIEW INDICATED THE ADVISOR MAILED THE REQUESTED INFORMATION TO THE CLIENT THE FOLLOWING DAY AFTER THE REQUEST AND THEN RE-MAILED IT AGAIN FOUR DAYS LATER (INCLUDING A WEEKEND). THE LOSSES INCURRED BY THE CLIENT WERE NOT DUE TO ANY ADVISOR ACTIION OR INACTION.

Date: October 21, 1993
Category: Customer Dispute
Allegations: THE ABOVE CLIENTS SUBMITTED CLAIM FORMS TO THE CLAIMS RESOLUTION PROCESS RELATING TO LIMITED PARTNERSHIP PURCHASES DUING THE PERIOD OF 5/87 TO 8/87. THE ABOVE MENTIONED REGISTERED REP WAS THE BROKER OF RECORD AT THE TIME OF THE PURCHASES DO DAMAGES WERE ALLEGED BUT THE AMOUNT OF ACTUAL LOSS WAS $11,982.
Damage Amount Requested: $11,982.00
Settlement Amount: $32,788.00
Broker Comment: SETTLEMENTS WITH THE ABOVE CLIENTS HAVE BEEN REACHED IN THE CLAIMS RESOLUTION PROCESS. THE DOLLARR AMOUNTS OF THE SETTLEMENTS ARE APROX $32,788 THIS MATTER RESULTED FROM THE UNPRECEDENTED UNSOLICITED MAILING OF CLAIM FORMS BY PSI TO OVER 340,000 INVESTORS WHO PURSCHASED LIMITED PARTNERSHIPS THROUGH PSI FROM 1/1/80 TO 1/1/91. THE ABOVE REFERENCED CLIENTS SUBMITTED CLAIM FORMS IN RESPONSE TO THIS MAILING. THE CLAIM FORMS WERE EVALUATED BY PSI IN ACCORDANCE WITH THE STANDARDS ESTABLISHED UNDER THE SETTLEMENT BETWEEN PSI, THE SEC, NASD AND THE STATE SECURITIES ADMINISTRATORS. THE REPORTED SETTLEMENT AROSE OUT OF THIS UNIQUE PROCESS.

More Information

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BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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