National investment loss lawyers KlaymanToskes is investigating broker Austin Arata of Ameriprise Financial Services, and formerly of LPL Financial (CRD #6448739).
According to FINRA BrokerCheck, Austin Arata, formerly of LPL Financial and currently with Ameriprise Financial Services, is facing a pending customer complaint seeking $340,000 in alleged damages in connection with unauthorized transactions in the customer’s accounts. The complaint allegedly relates to variable annuities.
Investors that suffered losses with broker Austin Arata are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
A former LPL Financial broker, Austin Arata, is facing a customer complaint alleging $340,000 in damages related to unauthorized variable annuity transactions. According to FINRA BrokerCheck, Austin Arata was registered with LPL Financial in Torrance, California, from 2015 to 2024. The customer complaint, filed in March 2024, alleges unauthorized transactions in customer accounts in May 2023, involving variable annuities. Arata is currently registered with Ameriprise Financial Services, in Torrance, California, and Kinecta Financial & Insurance Services in Woodland Hills, California.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Austin Arata, or have concerns regarding your investment portfolio at LPL Financial, Ameriprise Financial Services, Kinecta Financial & Insurance Services, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.