Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on July 24, 2018 indicate that Florida-based Ameriprise Financial Services broker/adviser Michael Pepe has received a new pending customer complaint. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Pepe (CRD# 1172861).
Michael Pepe has spent 3 years in the securities industry and has been registered with Ameriprise Financial Services in Tampa, Florida since 2015. Previous registrations include JHS Capital Advisors in Tampa, Florida (2010-2015); Gunnallen Financial in Tampa, Florida (2007-2010); UBS Financial Services in Tampa, Florida (1994-2007); Smith Barney in New York, New York (1990-1994); and JB Hanauer & Company in Parsippany, New Jersey (1983-1990). He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on December 29, 2016; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on June 1, 1984; and Series 7 (General Securities Representative Examination), which he obtained on September 17, 1983. He is a registered broker and investment adviser with ten US states and territories: Arizona, Colorado, Florida, Georgia, Kentucky, New York, North Carolina, Oregon, South Carolina, and Washington.
According to his BrokerCheck report, he has received three customer complaints, one pending customer complaint, and two customer complaints that were closed or denied.
In May 2018 a customer alleged Michael Pepe, while employed at Ameriprise Financial Services and JHS Capital Advisors, executed unauthorized trades in unsuitable investments. The customer is seeking $750,000 in damages in the pending complaint.
In 2008 a customer alleged Michael Pepe, while employed at UBS Financial Services, recommended an auction rate security prior to the widespread illiquidity in the market for auction rate securities. The complaint resulted in a repurchase at the product at par value, for $50,000.
In 2005 a customer alleged Michael Pepe, while employed at UBS Financial Services, recommended unsuitable securities and over-concentrated investments in the account. The complaint settled for $159,500.
In 2005 a customer alleged he, while employed at UBS Financial Services, executed unauthorized trades. The customer sought unspecified damages in the complaint, which was denied.
In 2002 a customer alleged he, while employed at UBS Painewebber, made unauthorized transactions. The complaint settled for $200,000.
In 2000 a customer alleged he, while employed at Painewebber, made unauthorized trades and unsuitable investments. The customer sought more than $88,800 in damages in the complaint, which was closed with no action taken.
If you or someone you know has lost money investing with Michael Pepe, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.