GLENN MASAMI NISHINO is currently employed as a Broker and/or Investment Adviser at AMERIPRISE FINANCIAL SERVICES, INC. located at 1585 KAPIOLANI BLVD, STE 1100, HONOLULU, HI, 96814-4523.
GLENN MASAMI NISHINO has worked at AMERIPRISE FINANCIAL SERVICES, INC. since October 24, 1986
Disclosure History
GLENN MASAMI NISHINO has 2 Disclosure Event(s).
Date: March 09, 2006 Category: Customer Dispute Allegations: CLAIMANT IS AN ELDERLY CLIENT WHO ALLEGES THE INVESTMENTS RECOMMENDED BY HER HUSBAND DIED WERE UNSUITABLE AND RISKY,CAUSING FINANCIAL LOSSES OF AT LEAST $200,000. SHE ALSO CLAIMS BREACH OF CONTRACT AND FIDUCIARY DUTY,NEGLIENCE,FRAUD,FAILURE TO SUPERVISE,AND UNFAIR AND DECEPTIVE TRADE PRACTICES. SHE ALSO REQUESTS UNSPECIFIED PUNITIVE DAMAGES,INTEREST AND ATTORNEY FEES. Damage Amount Requested: $200,000.00 Settlement Amount: $75,000.00 Broker Comment: AMERIPRISE SETTLED THIS MATTER FOR $75,000 IN ORDER TO AVOID THE COSTS ASSOCIATED WITH ARBITRATION. I WAS DISMISSED FROM THE CASE AS PART OF THE SETTLEMENT AND I CONTRIBUTED NOTHING TO THE SETTLEMENT AMOUNT.
Date: January 18, 2002 Category: Customer Dispute Allegations: THE CLIENT ALLEGED THAT THE INVESTMENTS I CHOSE FOR HER WERE NOT SUITABLE BASED ON HER AGE, SITUATION AND RISK TOLERANCE. ALSO, THE CLIENT ALLEGED I DID NOT INFORM HER OF THE RISKS INVOLVED WITH THE INVESTMENTS AND THAT SHE COULD LOSE PRINCIPAL. Damage Amount Requested: $175,000.00 Broker Comment: THE FIRM FOUND THE CLIENT REJECTED THE INVESTMENTS I RECOMMENDED AND CHOSE AGGRESSIVE INVESTMENTS BECAUSE SHE DID NOT HAVE LIQUIDITY NEEDS FOR THE ASSETS.
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