HELEN MARGARET SHONBRUN

HELEN MARGARET SHONBRUN is currently employed as a Broker and/or Investment Adviser at AMERIPRISE FINANCIAL SERVICES, INC. located at 508 S FRONT STREET, PHILADELPHIA, PA, 19147.

HELEN MARGARET SHONBRUN has worked at AMERIPRISE FINANCIAL SERVICES, INC. since July 09, 1996

Disclosure History

HELEN MARGARET SHONBRUN has 3 Disclosure Event(s).

Date: March 21, 2013
Category: Customer Dispute
Allegations: THE CLIENT ALLEGED SHE DID NOT AUTHORIZE THE TRADES WITHIN HER ACCOUNT FROM SEPTEMBER 2009 THROUGH MARCH 2013.
Damage Amount Requested: $172,319.60

Date: September 03, 2005
Category: Customer Dispute
Allegations: THE CLIENT STATED I EXECUTED UNSUITABLE TRANSACTIONS FROM DECEMBER 03 THROUGH AUGUST 05.
Damage Amount Requested: $6,340.00
Settlement Amount: $1,200.00
Broker Comment: THE FIRM FOUND THE CLIENT MAY NOT HAVE RECEIVED COMPLETE DISCLOSURE ABOUT BROKERAGE FEES AND COMMISSIONS. THEREFORE, WE OFFERED TO CONSDOLIDATE THE CLIENT'S STOCK POSITIONS WITHOUT CHARGE. THE CLIENT OUR OFFER AND CHANGED TO A NEW ADVISOR.

Date: May 21, 1998
Category: Customer Dispute
Allegations: [FAMILY MEMBER], DAUGHTER HOLDING POWER OFATTORNEY FOR HER MOTHER AND AMERICAN EXPRESS FINANCIAL ADVISORSCLIENT, [CUSTOMER], ALLEGED HER FINANCIAL ADVISOR TOOKDISCRETION IN SELLING 2/3 OF [CUSTOMER'S] PORTFOLIO WITHOUTAUTHORIZATION AND ALSO LIQUIDATED $200,000 OF CERTIFICATES. THEDAUGHTER REQUESTED WE RESTORE THE INVESTMENTS TO THEIR STATUSBEFORE THE UNAUTHORIZED TRANSACTIONS TOOK PLACE.
Settlement Amount: $143,085.00
Broker Comment: IT REMAINED UNCLEAR AS TO WHETHER THE ADVISORHAD CLEAR AUTHORIZATION TO SELL A PORTION OF THE CLIENTS STOCKAND CD PORTFOLIO. THE CLIENT DID ACCEPT AN OFFER TO REPURCHASEFOUR SECURITIES VALUED AT $52,327, REPRESENTING APPROXIMATELY13% OF THE PORTFOLIO. THE CLIENT ALSO AGREED TO BE COMPENSATED$4,758 FOR LOST INTEREST ON THE SALE OF THE CD PORTFOLIO.INADEQUATE DISCLOSURE OF THE FEATURES, BENEFITS, AND COSTSASSOCIATED WITH THE PURCHASE OF LIMITED PARTNERSHIPS AND STOCKMARKET CERTIFICATES RESULTED IN THE CLIENT ACCEPTING THE FIRMSOFFER TO CANCEL THE TRANSACTIONS VALUED AT $80,000 AND RETURNTHE CLIENT PROCEEDS TO HER MONEY MARKET ACCOUNT WITH INTEREST.THE FIRM ALSO COMPENSATED THE CLIENT IN THE AMOUNT OF $6,000FOR CERTAIN PROFESSIOAL LEGAL AND ACCOUNTING FEES. TOTALAMOUNT OF SETTLEMENT, INCLUDING REPURCHASE OF SECURITIES, WAS$143,085.NOT PROVIDED

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