JOHN HUGHES is currently employed as a Broker and/or Investment Adviser at AMERIPRISE FINANCIAL SERVICES, INC. located at 5 WARD ST, SCARBOROUGH, ME, 04074-9520.
JOHN HUGHES has worked at AMERIPRISE FINANCIAL SERVICES, INC. since August 10, 1994
Disclosure History
JOHN HUGHES has 2 Disclosure Event(s).
Date: February 24, 2012 Category: Customer Dispute Allegations: CLAIMANT ALLEGES, DURING THE TIME PERIOD 03/16/11 TO 02/22/12, RESPONDENTS PROPOSED AN UNSUITABLE STRATEGY OF USING 403(B) CONTRIBUTIONS TO REDUCE THE CLIENT'S INCOME TO THE 15% TAX BRACKET AND THEN SELL SECURITIES WITHOUT INCURRING A CAPITAL GAINS TAX. CLAIMANT ALSO ALLEGES THAT RESPONDENTS DID NOT RESPOND TO HER REQUESTS FOR TRANSACTIONS IN HER ACCOUNT AND ACCOUNT UPDATES IN A TIMELY MANNER. AS A RESULT, CLAIMANT ALLEGES SHE HAS SUFFERED DAMAGES AND REQUESTS $23,462 PLUS INTEREST AND ADDITIONAL EXPENSES. Damage Amount Requested: $23,462.00 Damages Granted: $19,535.06 12-03595
Date: June 02, 2009 Category: Customer Dispute Allegations: CLIENT ALLEGED HER ADVISOR'S UNSUITABLE AND INAPPROPRIATE ADVICE CAUSED HER MARKET LOSSES. Damage Amount Requested: $5,000.00 Settlement Amount: $5,925.93 Broker Comment: OUR REVIEW FOUND THE CLIENT WAS AN UNSOPHISTICATED INVESTOR AND DID NOT APPEAR TO UNDERSTAND THE RISK INVOLVED IN SOME OF THE EQUITY MUTUAL FUNDS PURCHASED. WE OFFERED TO REIMBURSE THE CLIENT FOR LOSSES INCURRED IN THE EQUITY FUNDS AND ALSO REFUNDED 50% OF THE WRAP FEES. THE CLIENT ACCEPTED OUR OFFER.
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