DEBORAH DAWN OLSON is currently employed as a Broker and/or Investment Adviser at AMERIPRISE FINANCIAL SERVICES, INC. located at 5024 S BUR OAK PL, STE 109, SIOUX FALLS, SD, 57108.
DEBORAH DAWN OLSON has worked at AMERIPRISE FINANCIAL SERVICES, INC. since September 03, 1991
Disclosure History
DEBORAH DAWN OLSON has 2 Disclosure Event(s).
Date: September 21, 2015 Category: Customer Dispute Allegations: Plaintiff alleges that Defendants misrepresented the terms of the variable annuity purchased in March 2005 and alleges she was told she would receive $15,000 per year for life. Plaintiff claims professional negligence, negligent misrepresentation, fraudulent concealment, intentional infliction of emotional distress, negligent infliction of emotional distress, and seeks unspecified damages. Broker Comment: Plaintiff initially filed this matter as a civil litigation in South Dakota state court. The Court stayed the civil litigation and compelled FINRA arbitration. The parties settled this matter for $35000 on 8/11/2017. The court dismissed the South Dakota state court litigation on 8/21/2017.
Date: November 30, 1999 Category: Customer Dispute Allegations: CLIENT ALLEGED HER FIXED ANNUITY CONBTRACTS WERE ANNUITIZED WITHOUT HER KNOWLEDGE AND /OR AUTHORIZATION AT THE TIME SHE APPROACHED ME AND REQUESTED ASSISTANCE IN OBTAINING THE INTEREST IN THE CONTRACTS ON A MONTHLY BASIS. Damage Amount Requested: $63,851.40 Broker Comment: AMERICAN EXPRESS FINANCIAL ADVISORS' REVIEW REVEALED THAT THE ANNUITIZATIONS WERE SUITABLE, FULLY DISCLOSED AND THE CLIENT WAS AWARE THAT SHE WAS ANNUITIZING THE CONTRACTS AT THE TIME OF THE TRANSACTIONS. THE CLIENT HAD PREVIOUSLY ANNUITIZED CONTRACTS WHICH WERE IN PAYOUT. THE APPROPRIATE ANNUITY ILLUSTRATIONS WERE RUN AT THE TIME THE APPLICATIONS FOR SETTLEMENT WERE SIGNED BY THE CLIENT. TEN DAYS AFTER THE ANNUITIZATIONS THE CLIENT FURNISHED HER BIRTH CERTIFICATE AND SIGNED THE APPROPRIATE PAPERS TO HAVE THE MONEY DIRECT DEPOSITED TO HER BANK ACCOUNT. THE COMPLAINT WAS WRITTEN BY HER FORMER ADVISOR WHO IS NOW WITH A COMPETITOR AND SINCE THE TIME OF COMPLAINT, THAT INDIVIDUAL HAS TRANSFERRED THE REMAINDER OF THE CLIENT'S LIQUID ASSETS TO HIS CURRENT COMPANY.
More Information
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