KENNETH KIM KRAUSE is currently employed as a Broker and/or Investment Adviser at AMERIPRISE FINANCIAL SERVICES, INC. located at 119 N MAIN ST, MITCHELL, SD, 57301-3415.
KENNETH KIM KRAUSE has worked at AMERIPRISE FINANCIAL SERVICES, INC. since July 22, 1987
Disclosure History
KENNETH KIM KRAUSE has 2 Disclosure Event(s).
Date: July 27, 2017 Category: Customer Dispute Allegations: The POA for the client alleged that the Hines Global REIT purchase in April 2016 was not suitable for his parents since they were 80 years old and not sophisticated investors. Damage Amount Requested: $40,000.00
Date: August 25, 2003 Category: Customer Dispute Allegations: THE CLIENTS ALLEGED I LED THEM TO BELIEVE A LOSS OF PRINCIPAL WAS UNLIKELY WHEN THEY PURCHASED INVESTMENTS IN A BROKERAGE ACCOUNT ON JULY 1, 2003. THE ACCOUNT WAS TO BE MONITORED CLOSELY AND THE CLIENTS NOTIFIED OF ANY LOSSES. THE CLIENTS INCURRED LOSSES OF $10000.00 WHEN THEY SOLD THEIR POSITIONS AUGUST 14, 2003. Damage Amount Requested: $10,000.00 Broker Comment: THE RISKS INVOLVED AND THE POSSIBILITY OF LOSSES WERE DISCUSSED WITH THE CLIENT. A STOP ORDER WAS PLACED AT A PRICE THE CLIENT INDICATED WAS AN ACCEPTABLE AMOUNT OF LOSS. INFORMATION REGARDING INTEREST RATES WOULD BE SHARED WITH THE CLIENT HOWEVER, THERE WAS NO COMMITMENT TO MONITOR THE ACCOUNT MORE FREQUENTLY THAN THE ADVISOR HAD WITH THE CLIENTS' PAST ACCOUNTS.
More Information
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