DOUGLAS ALAN SUTTON is currently employed as a Broker and/or Investment Adviser at AMERIPRISE FINANCIAL SERVICES, INC. located at 120 E Ervin Rd, Van Wert, OH, 45891.
DOUGLAS ALAN SUTTON has worked at AMERIPRISE FINANCIAL SERVICES, INC. since December 13, 1985
Disclosure History
DOUGLAS ALAN SUTTON has 2 Disclosure Event(s).
Date: April 22, 2004 Category: Customer Dispute Allegations: MISTAKES REGARDING THE CLIENT'S IRA SEPP WHICH WAS SET UP IN 1998 WERE MADE AND LOWER RISK INVESTMENTS SHOULD HAVE BEEN INVESTED IN. THE CLIENT REQUESTED REIMBURSEMENT FOR ANY TAXES, FEES, PENALTIES AND LOSSES DUE TO POOR INVESTMENT ADVICE Damage Amount Requested: $5,000.00 Broker Comment: THE INVESTMENTS WERE SUITABLE FOR THE CLIENTS GOALS, OBJECTIVES AND RISK TOLERANCE AT THE TIME OF THE PURCHASE. THE CLIENT INSTRUCTED THE ADVISOR TO REDEEM FUNDS FROM THE MARKET AND TO REINVEST AS HIS CONCERNS WITH THE MARKET FLUCTUATED. THE CLIENT FAILED TO PROVIDE REQUESTED INFORMATION REGARDING THE TAX CONSEQUENCES DUE TO THE ADDITIONAL CONTRIBUTIONS TO THE IRA FROM WHICH HE WAS RECEIVING SUBSTANTIALLY EQUAL PERIODIC PAYMENTS. WE OFFERED TO CONTINUE OUR REVIEW ONCE THE REQUESTED DOCUMENTATION WAS RECEIVED.
Date: July 30, 2002 Category: Customer Dispute Allegations: CLIENT ALLEGED THE I INVESTED HIS 401K FUNDS INAPPROPRIATELY AND WITH TOO LITTLE DIVERSIFICATION. Damage Amount Requested: $186,960.00 Broker Comment: THE FIRM FOUND THAT MY RECOMMENDATIONS WERE SUITABLE FOR THE CLIENT AND THAT I HAD GIVEN FULL AND FAIR DISCLOSURE. THE COMPLAINT WAS RESOLVED AS UNJUSTIFIED. THERE WERE NO COSTS AND NO ACTION WAS TAKEN AGAINST ME.
More Information
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