Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on September 29, 2016 indicate that Florida-based Ameriprise Financial Services broker/adviser Christopher Davidson has been the subject of a customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Davidson (CRD# 5274138).
Christopher Davidson has spent nine years in the securities industry and has been registered with Ameriprise Financial Services in Clearwater, Florida since 2007. He has no previous registrations. He is a registered broker and investment adviser with fifteen US states and territories: Arkansas, Florida, Georgia, Illinois, Kansas, Massachusetts, Minnesota, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Utah, and Virginia.
According to his BrokerCheck report, Christopher Davidson has received one customer complaint.
In April 2015 a customer alleged Christopher Davidson, while employed at Ameriprise Financial Services, unsuitably recommended an investment in an Armour Residential real estate investment trust and misrepresented material facts related to the investment. The complaint settled in August 2015 for $45,000.
A real estate investment trust, or REIT, is an entity that owns assorted forms of real estate, or interests in real estate. As an investment product, REITs use the combined funds from a pool of investors to purchase real estate property; they can be publicly traded or privately held, traded on the stock market or not traded at all. As such, they are highly illiquid investments. While they have the benefit of extending new opportunities to investors who otherwise could not access certain real estate investments, non-traded REITs may be particularly risky for short-term investors and even long-term investors. They are additionally taxed on an individual level and can lead to property taxes as high as 25% of the sum operating expenses. Investment professionals who misrepresent and/or recommend unsuitable REITs may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has complaints regarding Christopher Davidson, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.