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Tom Parks Received Complaints Concerning Oil and Gas Investments

Tom ParksPublic records published by the Financial Industry Regulatory Authority (FINRA) on May 7, 2018 indicate that former Texas-based Ameriprise Financial Services broker/adviser Tom Parks has been involved in resolved or pending customer disputes and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to 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 Stephenville, Texas (1993-2016). Previous registrations include IDS Life Insurance Company in Minneapolis, Minnesota (1999-2006); American Express Services Corporation in Minneapolis, Minnesota (1994); InterSecurities in St. Petersburg, Florida (1992-1993); Signal Securities in Fort Worth, Texas (1990-1992); and IFP in Dallas, Texas (1987-1990). he has passed four securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on April 3, 1987; Series 7 (General Securities Representative Examination), which he obtained on February 21, 1987; Series 3 (National Commodity Futures Examination), which he obtained on August 25, 1986; and Series 24 (General Securities Principal Examination), which he obtained on January 15, 2001. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received 19 customer complaints and two pending customer complaints.

In June 2017 a customer alleged Tom Parks, while employed at Ameriprise Financial Services, recommended unsuitable investments in oil and gas limited partnerships. The complaint settled in March 2018 for $45,000.

In March 2017 a customer alleged Tom Parks, while employed at Ameriprise Financial Services, recommended unsuitable investments, including in variable annuity products. The complaint settled in April 2018 for $30,000.

In September 2017 a customer alleged Tom Parks, while employed at Ameriprise Financial Services, recommended unsuitable real estate investment trusts, master limited partnerships, and mutual funds. The customer is seeking $101,000 in damages in the pending complaint.

In January 2017 a customer alleged he, while employed at Ameriprise Financial Services, made unsuitable investment recommendations. The complaint settled in April 2018 for $210,000.

In 2016 a customer alleged he, while employed at Ameriprise Financial Services, made unsuitable recommendations. The complaint settled in November 2017 for $30,000.

In 2016 a customer alleged he, while employed at Ameriprise Financial Services, recommended unsuitable oil and gas investments. The complaint settled in April 2017 for $15,000.

If you or someone you know has lost money investing with Tom Parks, 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.