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Broker Misconduct Investigation: Michael Sandberg (Ameriprise Financial Services)

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Updated on: December 12, 2024

National investment loss lawyers KlaymanToskes is investigating broker Michael Sandberg (CRD# 1949867) of Ameriprise Financial Services and Aegis Capital Corp.

According to FINRA BrokerCheck, broker Michael Sandberg has been terminated from Ameriprise Financial Services following allegations of his violation of company policies related to fiduciary relationships and providing inaccurate information to the firm.

Investors that suffered losses with broker Michael Sandberg 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.

Investment Losses with Broker Michael Sandberg?

Investment Losses with Broker Michael Sandberg?

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Broker Michael Sandberg Terminated by Ameriprise

Financial advisor Michael Sandberg of Aegis Capital, was reportedly terminated by his previous employer, Ameriprise Financial Services following allegations that he violated company policies related to fiduciary relationships and providing inaccurate information to the Firm. According to FINRA BrokerCheck, Sandberg was registered with Ameriprise Financial Services from November 2019 to November 2024 in Boca Raton, FL. Sandberg is currently registered with Aegis Capital Corp. in Boca Raton, FL.

Signs Investors Should Look Out For About Their Brokerage Accounts

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:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

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 Michael Sandberg, or have concerns regarding your investment portfolio at Ameriprise Financial Services, Aegis Capital Corp., 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.