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Tom Parks: Sixteen Pending Customer Complaints

Tom Parks

Public records published by the Financial Industry Regulatory Authority (FINRA) on January 31, 2017 indicate that former Texas-based Ameriprise Financial Services broker/adviser Tom Parks has been the subject of numerous resolved or pending customer disputes and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Parks (CRD# 1558909).

Tom Parks has spent 29 years in the securities industry and was most recently registered with Ameriprise Financial Services in Stephensville, Texas (1993-2016). Previous registrations include IDS Life Insurance Company in Minneapolis, Minnesota; American Express Service Corporation in Minneapolis, Minnesota; InterSecurities in St. Petersburg, Florida; Signal Securities in Fort Worth, Texas; and IFP Incorporated in Dallas, Texas. He is currently not registered with any state or firm.

According to his BrokerCheck report, Tom Parks has received two customer complaints and sixteen pending customer complaints.

In January 2017 a customer alleged Tom Parks, while employed at Ameriprise Financial Services, recommended unsuitable investments. The customer is seeking $335,000 in damages in the pending complaint.

In January 2017 a customer alleged he, while employed at Ameriprise Financial Services, misrepresented and recommended unsuitable products. The customer is seeking $180,000 in damages in the pending complaint.

In December 2016 a customer alleged he, while employed at Ameriprise Financial Services, recommended unsuitable investments in mutual funds and/or oil and gas master limited partnerships. The customer is seeking $51,000 in damages in the pending complaint.

In December 2016 a customer alleged he, while employed at Ameriprise Financial Services, made unsuitable recommendations including master limited partnerships and a RiverSource variable annuity product. The customer is seeking $95,000 in damages in the pending complaint.

In 2015 a customer alleged Tom Parks, while employed at Ameriprise Financial Services, recommended unsuitable products and failed to respond to emails about losses. The complaint settled in February 2016 for $50,000.

In 2015 a customer alleged Tom Parks, while employed at Ameriprise Financial Services, recommended unsuitable products including mutual funds, oil and gas master limited partnerships, a variable annuity, and exchange traded funds. The complaint settled for $70,000.

If you or someone you know has a complaint regarding Tom Parks, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.