Ameriprise Financial Advisor, Stan Leavitt, Had Two Customer Complaints In 2018
Stan Leavitt is a Financial Advisor at Ameriprise Financial in Roseville, CA. Stan Leavitt entered the securities industry in 1994 and previously worked for Merrill Lynch.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in October 2018, a customer filed a complaint against Stan Leavitt, alleging “misrepresentation and unsuitable investment recommendations from April 2015 until June 2017.” The alleged damages are $550,000 and the matter remains pending.
In July 2018, a second customer filed a complaint against Stan Leavitt, alleging “misrepresentation.” That dispute was settled for $17,509.
For a copy of Stan Leavitt’s CRD, click https://brokercheck.finra.org/individual/summary/2571093#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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