Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on November 28, 2016 indicate that former Kentucky-based Ameriprise Financial Services broker Jacob Lynch is currently not affiliated with any broker-dealer firm. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Lynch (CRD# 5102920).
Jacob Lynch has spent ten years in the securities industry and was most recently registered with Ameriprise Financial Services in Louisville, Kentucky (2006-2016). He has no previous registrations. He has passed two securities industry examinations: Series 7 (General Securities Representative Examination) and Series 66 (Uniform Combined State Law Examination).
According to his BrokerCheck report, Jacob Lynch recently resigned from Ameriprise Financial Services following allegations of misconduct.
In September 2016 Jacob Lynch was “permitted to resign” from Ameriprise Financial Services “while on suspension for violations of company policy related to solicitation of prohibited securities, mismarking trade tickets and code of conduct.”
Jacob Lynch’s member firm, Ameriprise Financial Services, has received 65 regulatory events and 99 customer complaints that evolved into arbitration, according to the firm’s BrokerCheck report.
In 2014 a customer alleged Ameriprise Financial Services misrepresented and omitted material facts, breached its fiduciary duty, breached contract, and made unsuitable investment recommendations. The complaint resulted in an award to the customer of more than $127,700.
In 2014 a customer alleged Ameriprise Financial Services misrepresented and omitted material facts related to an investment, failed to supervise representatives, and breached its fiduciary duty. In 2016 the complaint resulted in an award to the customer of $2,036,890.
In 2013 FINRA sanctioned Ameriprise Financial Services following allegations the firm did not deliver certain mutual fund prospectuses on time. The firm was fined $525,000.
In 2013 FINRA sanctioned Ameriprise Financial Services after allegations the firm failed to adequately protect client records and data. The firm was fined $750,000.
If you have lost money investing with Jacob Lynch, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only receives payment if and when you recover 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.