MICHAEL LEE LEIGHTON is currently employed as a Broker and/or Investment Adviser at AMERIPRISE FINANCIAL SERVICES, INC. located at 312 8TH AVE, BOX 472, LANGDON, ND, 58249.
MICHAEL LEE LEIGHTON has worked at AMERIPRISE FINANCIAL SERVICES, INC. since June 25, 1986
Disclosure History
MICHAEL LEE LEIGHTON has 5 Disclosure Event(s).
Date: February 17, 2017 Category: Customer Dispute Allegations: The client's son alleged the Inland American REIT purchased in January 2007 was not an appropriate investment vehicle. Damage Amount Requested: $6,066.00
Date: March 17, 2011 Category: Customer Dispute Allegations: THE CLIENT ALLEGED HIS ACCOUNTS WERE MISMANAGED WHICH RESULTED IN THE POOR PERFORMANCE OF HIS INVESTMENTS SINCE 2001. Damage Amount Requested: $9,000.00
Date: August 24, 2006 Category: Customer Dispute Allegations: THE CLIENT ALLEGED THAT THE ADVISOR MISREPRESENTED THE VARIABLE UNIVERSAL LIFE INSURANCE POLICY PUCHASED IN JULY 1999 AND THE INSURANCE INTERNAL ACCOUNT WAS USED TO MAKE INSURANCE PAYMENTS WITHOUT AUTHORIZATION. Damage Amount Requested: $16,986.28 Broker Comment: THE FIRM FOUND THAT THE CLIENT WAS DISCLOSED THE RISKS ASSOCIATED WITH THE VARIABLE INSURANCE PRODUCT AND THAT THE INTERNAL ACCOUNT INSURANCE PAYMENTS WERE NOT INITIATED BY THE ADVISOR, BUT ARE A PRODUCT REQUIREMENT AUTHORIZED BY CLIENT WITH ACCEPTANCE OF THE POLICY.
Date: August 09, 2006 Category: Customer Dispute Allegations: THE CLIENT ALLEGES HE WAS NOT DISCLOSED OF SURRENDER CHARGES OR THE REPLACEMENT OF HIS EXISTING CONTRACT WITHOUT SURRENDER CHARGES IN JUNE OF 2006. Damage Amount Requested: $13,000.00 Broker Comment: WE FOUND THE CLIENT WAS DISCLOSED OF ALL SURRENDER CHARGES AND FEES ATTACHED TO THE RAVA ANNUITY. AS THE CLIENT REQUESTED CANCELLATION OF HIS ANNUITY WITHIN THE FREE LOOK CANCELLATION PERIOD, WE HONORED HIS REQUEST TO CANCEL.
Date: September 22, 2003 Category: Customer Dispute Allegations: THE CLIENT CLAIMED THE VARIABLE UNIVERSAL LIFE POLICY SOLD TO HIM IN AUGUST OF 2000 WAS NOT SUITABLE FOR HIM, THEREFORE HE HAS SUFFERED LOSSES. Damage Amount Requested: $17,296.00 Broker Comment: THE FIRM FOUND THE RECOMMENDAITONS WAS CONSISTENT WITH THE CLIENT FINANCIAL GOALS AND OBJECTIVES. THE INVESTMENT WAS A RESULT OF A COMPREHENSIVE FINANCIAL ANALYSIS. THE CLIENT HAS HAD REGULAR REVIEW MEETINGS AND HAS MADE THE DECISION NOT TO MAKE ANY CHANGES. WE DENIED THE CLAIM AND TOOK NO FURTHER ACTION.
More Information
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