JAC BURTON STULBERG is currently employed as a Broker and/or Investment Adviser at AMERIPRISE FINANCIAL SERVICES, INC. located at 2029 Century Park E Ste 2550, Los Angeles, CA, 90067.
JAC BURTON STULBERG has worked at AMERIPRISE FINANCIAL SERVICES, INC. since May 13, 2016
Disclosure History
JAC BURTON STULBERG has 9 Disclosure Event(s).
Date: May 09, 2008 Category: Customer Dispute Allegations: CUSTOMER CLAIMS THAT BETWEEN 1999 AND 2006, FINANCIAL ADVISOR, INTER ALIA, ALLEGED MISREPRESENTED RISKS IN STOCKS RECOMMENDED AND MADE ALLEGEDLY UNSUITABLE INVESTMENTS. Damage Amount Requested: $339,615.00 Settlement Amount: $87,500.00 Broker Comment: CASE SETTLED SOLELY TO AVOID TIME AND EXPENSE OF LITIGATION.
Date: September 03, 2003 Category: Customer Dispute Allegations: CUSTOMER ALLEGES UNSUITABLE INVESTMENT RECOMMENDATIONS IN 2000 AND 2001. Damage Amount Requested: $225,000.00 Damages Granted: $50,000.00 Broker Comment: MR. STULBERG STRONGLY DENIES ANY WRONGDOING.
Date: June 04, 2003 Category: Customer Dispute Allegations: CUSTOMER ALLEGES EXCESSIVE TRADING AND FAILURE TO FOLLOW INSTRUCTIONS IN 2000-2003. Damage Amount Requested: $500,000.00 Broker Comment: MR. STULBERG STRONGLY DENIES ANY WRONGDOING.
Date: January 08, 2003 Category: Customer Dispute Allegations: CLIENT ALLEGE THAT MR. STULBERG INVESTED IN UNSUITABLE INVESTMENTS, AND NEGLECTED THE ACCOUNT. Damage Amount Requested: $14,543.01 Settlement Amount: $7,000.00 Broker Comment: TO AVOID THE COSTS ASSOCIATED WITH AN ARBITRATION AND WITHOUT ADMITTING ANY LIABILITY, MORGAN STANLEY SETTLE THIS MATTER FOR $7,000.00. THE CLAIMS AGAINST JAC STULBERG WERE WITHDRAWN.
Date: July 17, 2002 Category: Customer Dispute Allegations: CUSTOMER ALLEGES FAILURE TO RECOMMEND STOP-LOSS ORDERS OR PROTECTIVE PUTS ON LARGE CISCO POSITION AT MARKET HIGH IN 2000. Damage Amount Requested: $1,900,000.00 Settlement Amount: $102,500.00 Broker Comment: MORGAN STANLEY SETTLED THE MATTER, WITHOUT ANY ADMISSION OF LIABILITY. TO AVOID THE COST AND UNCERTAINTY OF LITIGATION.
Date: September 03, 1998 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT MR STULBERG WHILEEMPLOYED AT DWR FAILED TO FOLLOW CUSTOMER INSTRUCTIONS TOPURCHASE STOCK. ALLEGES LOSS OF APPROX $10.400 Damage Amount Requested: $10,400.00 Settlement Amount: $10,400.00 Broker Comment: DWR SETTLED THIS MATTER FOR A 10,400 W/OADMISSION OF LIABILITY AND IN EXCHANGE FOR A RELEASE OF ALLCLAIMS CUSTOMER MAY HAVE. DEAN WITTER DENIES CUSTOMERSALLEGATIONS AND SETTLED THIS MATTER IN ORDER TO AVOID THEEXPENSE AND UNCERTAINTY OF LITIGATION. FINANCIAL ADVISORSTULBERG ALOS DENEIS THE CLAIM AND FURTHER ASSERTS THAT THEDAMAGES ALLEGED COULD HAVE BEEN REDUCED TO $4,000 IF THE STOCKPOSITION HAD BEEN PURCHASED AS SOON AS CUSTOMER REGISTERED HISCOMPLAINT.NOT PROVIDED
Date: April 04, 1990 Category: Customer Dispute Allegations: CHURNING, MISREPRESENTATION, UNSUITABLERECOMMENDATIONS Damage Amount Requested: $300,000.00 Settlement Amount: $55,000.00 Broker Comment: MATTER WAS SETTLED FOR $55,000OPPENHEIMER & CO., INC. DID NT FIND ANY FAULT ONMY BEHALF, AS CHARGED OR OTHERWISE, AND I WAS NOT ASKED TOCONTRIBUTE TO THE SETTLEMENT MONIES. OPPENHEIMER & CO. DECIDEDTO SETTLE THE MATTER IN LIEU OF UNRECOVERABLE LEGAL COSTSANTICIPATED TO SUCCESSFULLY DEFENSE PLAINTIFF'S CLAIM.PLAINTIFF ACCEPTED SETTLEMENT BECAUSE BASIS OF CLAIMS WEREEVIDENTLY WEAK AND UNMERITORIOUS. THIS MATTER DID NOT GO TOARBITRATION; THE SETTLEMENT WAS MADE AT NON-BINDING MEDIATION.
Date: June 06, 1989 Category: Customer Dispute Allegations: UNSUITABILITY $81,219 Damage Amount Requested: $81,219.00 Damages Granted: $59,198.00 Broker Comment: AWARD AGAINST SHEARSON LEHMAN HUTTON -$41,438.70. AWARD AGAINST JAC B. STULBERG - $17,759.30.I HAVE RETAINED COUNSEL TO COMPEL SHEARSON LEHMANHUTTON TO REIMBURSE ME FOR THAT PORTION OF THE AWARD LEVIEDAGAINST ME. OUR CONTENTION IS THAT I WAS WORKING WITHIN THESCOPE OF MY EMPLOYMENT, AND THAT I ONLY MADE FIRMRECOMMENDATIONS. AS WELL, ALL OF MY TRADING ACTIVITY WAS DONEUNDER THE SUPERVISION OF THE BRANCH MANAGER AND THE BRANCHOPTIONS COORDINATOR. CLIENT AUTHORIZED ALL TRANSACTIONS.
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for JAC BURTON STULBERG, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.