National investment loss lawyers KlaymanToskes is investigating Mitchell Jacobs (CRD# 2634912) of Ameriprise Financial Services in connection with the filing of a customer complaint alleging $222,000 in damages due to failure to liquidate a customer’s bonds as requested.
Investors that suffered losses with Mitchell Jacobs may be entitled to a financial recovery. Contact attorney Lawrence L. Klayman, Esq., for a free consultation to discuss recovery options at 888-997-9956 or lawrence@klaymantoskes.com. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
According to FINRA BrokerCheck, Mitchell Burke Jacobs is currently registered as a broker/investment advisor with Ameriprise Financial Services in Houston, TX.
Jacobs has one customer complaint disclosed. The complaint alleged $222,000 damages to the customer’s Ameriprise account. The customer further alleged that the advisor failed to liquidate bonds and purchase Certificates of Deposit, per the client’s request.
Although the complaint was denied by the firm, investors should be aware that the denial of a customer complaint by a brokerage firm does not mean that the complaint does not have merit. It is in a brokerage firm’s best interest to deter customers from filing complaints with FINRA. Investors may still pursue a FINRA arbitration claim to recover their investment losses by contacting KlaymanToskes.
Brokerage firms and their brokers/financial advisors have a fiduciary responsibility to provide their customers with suitable investment advice that is in the customers’ best interest which meets their investment needs/goals.
Investors that have suffered losses as a result of their advisor’s violations of securities rules may hold their brokerage firm and financial professional liable through a FINRA arbitration claim.
Firms and their registered representatives may be liable for a breach of fiduciary duty and/or failure to supervise in the event of non-compliance with the securities industry standards of care for the handling of customer accounts. Investors can learn more about securities violations by visiting our account activity violations and account related violations pages.
Contact KlaymanToskes today at (888) 997-9956 or lawrence@klaymantoskes.com to learn more about the FINRA arbitration process and to discuss recovery options. Consultations are free and we offer legal services on a contingency basis, meaning we do not collect attorney’s fees unless we are able to obtain a recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lawrence@klaymantoskes.com
www.klaymantoskes.com