DERRICK POINTER

DERRICK POINTER is currently employed as a Broker and/or Investment Adviser at AMERIPRISE FINANCIAL SERVICES, INC. located at 47 W POLK ST, STE 325, CHICAGO, IL, 60605.

DERRICK POINTER has worked at AMERIPRISE FINANCIAL SERVICES, INC. since July 21, 1987

Disclosure History

DERRICK POINTER has 2 Disclosure Event(s).

Date: January 31, 2008
Category: Customer Dispute
Allegations: THE CLIENT ALLEGED SHE WAS NOT TOLD THE SPECIFICS OF HER MUTUAL FUND INVESTMENT. SHE FURTHER ALLEGED SHE REQUESTED HER MUTUAL FUND BE LIQUIDATED IF THE VALUE DROPPED BELOW $87,000. THE MUTUAL FUND WAS PURCHASED ON MAY 10, 2006 AND OCTOBER 1, 2007.
Damage Amount Requested: $17,000.00
Broker Comment: THE FIRM FOUND FULL DISCLOSURE WAS PROVIDED TO THE CLIENT PRIOR TO HER MUTUAL FUND PURCHASE. FURTHER,WE FOUND THE ADVISOR SOLD THE MUTUAL FUND AT THE REQUEST OF THE CLIENT JANUARY 22, 2008.

Date: September 12, 2001
Category: Customer Dispute
Allegations: THE CLIENT ALLEGED THAT ALTHOUGH I WAS AWARE OF HIS LOW RISK TOLERANCE, I PLACED HIM IN A HIGHLY VOLATILE INVESTMENT. IN ADDITION, HE ALLEGED THAT I DID NOT INFORM HIM OF EXPENSES OR PENALTIES HE WOULD INCUR FOR EARLY WITHDRAWAL.
Damage Amount Requested: $147,490.00
Broker Comment: THE REVIEW FUND THAT THE INVESTMENTS WITHIN THE ANNUITY WERE IN LINE WITH THE CLIENT'S STATED RISK TOLERANCE AND TIME HORIZON. IN ADDITION, THE CLIENT RECEIVED FULL AND FAIR DISCLOSURE OF THE PENALTIES AND CHARGES ASSOCIATED WITH EARLY WITHDRAWALS THROUGH DISCUSSIONS WITH THE ADVISOR AND OTHER MATERIALS. FINALLY, THE ANNUITIES ARE PART OF A CLASS ACTION LAWSUIT. THE CLIENT WILL RECEIVE COMPENSATION THROUGH THE GENERAL RELIEF FUND OF THE SUIT.

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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