GORDON SCOTT SHALEK is currently employed as a Broker and/or Investment Adviser at AMERIPRISE FINANCIAL SERVICES, INC. located at 250 Park Ave Ste 7094, Ste 275, New York, NY, 10177.
GORDON SCOTT SHALEK has worked at AMERIPRISE FINANCIAL SERVICES, INC. since December 20, 1990
GORDON SCOTT SHALEK has 2 Disclosure Event(s).
Date: March 21, 2002 Category: Customer Dispute Allegations: CLIENTS ALLEGE CLAIMS OF UNSUITABLITY, MISREPRESENTATION, BREACH OF FIDUCIARY DUTY AND FRAUD AGAINST AEFA AND I IN THE RECOMMENDATION AND HANDLING OF THEIR ACCOUNT. IN ADDITION, THEY ALLEGE THEIR ADVISOR WAS NOT LICENSED IN COLORADO AT THE TIME HE SOLD AEFA PRODUCTS TO THE CLIENTS. THEY CLAIM MARKET LOSSES OF $102000.00 AS A RESULT OF RESPONDENTS UNSUITABLE INVESTMENT RECOMMENDATIONS. AEFA AND I ADEMANTLY DENY CLIAMANTS ALLEGATIONS AND INTEND ON VIGOROUSLY DEFENDING THIS MATTER. Damage Amount Requested: $102,000.00 Settlement Amount: $57,500.00 Broker Comment: IN ORDER TO AVOID THE COSTS OF ARBITRATION, AEFA SETTLED THIS MATTER FOR $57500.00. I WAS DISMISSED FROM THE CASE AND CONTRIBUTED NOTHING TO THE SETTLEMENT.
Date: March 26, 2001 Category: Customer Dispute Allegations: THE CLIENTS ALLEGED THAT IN APRIL OF 2000, I TRANSFERRED THEIR INVESTMENTS FROM A MODERATELY CONSERVATIVE PORTFOLIO TO A PORTFOLIO CONSISTING OF MOSTLY EQITIES, WHICH THEY FELT WAS AN UNSUITABLE RECOMMENDATION. THE ESTIMATED COST TO REVERSE THE TRANSACTIONS IS $14,700. Damage Amount Requested: $14,700.00 Broker Comment: THE COMPANY REVIEW FOUND THAT THE INVESTMENT RECOMMENDATIONS MADE IN MARCH 2000 WERE SUITABLE AND CONSISTENT WITH THE GOALS AND OBJECTIVES THE CLIENTS HAD SHARED AT THE TIME OF THE SALE. IN ADDITION, THE REVIEW FOUND THAT THE CLIENTS WERE GIVEN THE APPROPRIATE DISCLOSURE OF THE RISKS ASSOCIATED WITH THE INVESTMENTS AT THE TIME THE RECOMMENDATIONS WERE MADE.
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