MARC DOUGLAS ARNOLD is currently employed as a Broker and/or Investment Adviser at AMERIPRISE FINANCIAL SERVICES, INC. located at 330 ASSOCIATION DR, CHARLESTON, WV, 25311.
MARC DOUGLAS ARNOLD has worked at AMERIPRISE FINANCIAL SERVICES, INC. since January 01, 1996
Disclosure History
MARC DOUGLAS ARNOLD has 2 Disclosure Event(s).
Date: February 18, 2009 Category: Customer Dispute Allegations: CLIENT ALLEGED HER ADVISOR MADE UNSUITABLE INVESTMENT RECOMMENDATIONS IN HER WRAP ACCOUNT THAT HAS BEEN OPENED SINCE MAY 2001. Damage Amount Requested: $6,500.00 Broker Comment: THE FIRM FOUND SEVERAL ISSUES THE CLIENT RAISED WERE SERVICE RELATED. WE FOUND THE INVESTMENT RECOMMENDATIONS MADE BY THE ADVISOR WERE SUITABLE BASED ON THE CLIENT;S INVESTMENT GOALS AND OBJECTIVES.
Date: January 27, 1998 Category: Customer Dispute Allegations: THE CLIENT ALLEGED THROUGH THE MANAGINGPRINCIPAL THAT I RECOMMENDED A REPLACEMENT OF CLIENTSPRUDENTIAL LIFE POLICIES TO AEFA AND INCORRECTLY CALCULATED THECOST BASIS WHICH RESULTED IN OUTSTANDING LOAN BALANCES ON THEPRUDENTIAL POLICIES BECOMING TAXABLE TO THE CLIENT IN 1997. Settlement Amount: $10,184.00 Broker Comment: AEFA OFFERED TO PAY THE CLIENTS FEDERAL ANDSTATE TAXES TOTALLING $10,184. CLIENT ACCEPTED THE OFFER. IRECEIVED A LETTER OF REPRIMAND AND A $1000 CHARGE.AEFA HAD TO WAIT UNTIL CLIENT PREPARED HIS 1997TAX RETURNS TO DETERMINE WHAT THE ACTUAL TAX LIABILITY WOULDBE.
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