- March 15, 2019
- Ameriprise Financial Services
Keith M. Kordich is a Financial Advisor at Ameriprise Fianncial Services, Inc. in Boca Raton, FL. Keith Kordich has been in the securities industry since 1998 and previously worked at Ladenburg, Thalmann & Co. and Gruntal & Co., LLC in New York, and Ryan Beck and Co., Stifel, Nicolaus & Company, and Morgan Stanley in Boca Raton.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), Keith Kordich has 6 customer complaints disclosed on his CRD. The allegations are as follows:
- Fecruary 2019 – “Claimants allege, inter alia, unsuitability with respect to investments” Alleged damages are $300,000.
- April 2013 – “CLAIMANTS ALLEGE, INTER ALIA, THAT FROM MAY 2011 TO SEPTEMBER 2012 THE FA TRADED EXCESSIVELY IN THE CLIENT’S ACCOUNTS.” The matter settled for $43,000.
- July 2001 – “MISREPRESENTATION OF MATERIAL OMISION OF MATERIAL FACT; PRIVATE SECURITIES OFFERING; SUITABILITY; SELLING AWAY, SUPERVISION IN NUMEROUS ACCOUNTS THAT PURPORTEDLY BOUGHT INVESTMENTS THORUGH MR. KORDICH THROUGH ANOTHER INVESTMENT FIRM.” Alleged damages were $500,000, which was denied.
- January 2001 – “CUSTOMER ALLEGES MISREPRESENTATION, BREACH OF FIDUCIARY DUTY AND BREACH OF CONTRACT.” Settled for $9,500.
- October 2000 – “CUSTOMER ALLEGED ON 10/23/00 THAT AGENT FAILED TO SELL RESTRICTED STOCK.” The customer alleged damages of $16,990, which the firm denied.
- October 2000 – “CUSTOMER ALLEGES UNAUTHORIZED TRADING IN HIS ACCOUNT.” Alleged damages of $72,625, which the firm denied.
For a copy of the Keith Kordich CRD, click https://brokercheck.finra.org/individual/summary/2743797#disclosuresSection
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
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