Goodman & Nekvasil P.A., May Recover Losses on Selden Companies, LLC Stock – John Scott Elliott (John Elliott) Fired by Ameriprise Financial Services, Inc. and Barred from Securities Industry
From 2011 until John Elliott’s firing in 2016, John Elliott was licensed with Ameriprise Financial Services, Inc. According to FINRA’s records, John Elliott was fired by Ameriprise Financial Services, Inc. on August 8, 2016. Ameriprise Financial Services, Inc. reported to FINRA that John Elliott was terminated for compliance policy violations related to selling away.
Subsequent to John Elliott’s firing by LPL Financial LLC, FINRA investigated John Elliott and brought a disciplinary action against John Elliott. John Elliott was barred from the securities and investment banking industry by the Financial Industry Regulatory Authority (FINRA) on March 6, 2017. FINRA reports that John Elliott failed to respond to FINRA request for information.
FINRA also reports that two arbitration claims have been filed involving John Elliott’s conduct with Ameriprise Financial Services, Inc. The Claimants allege that they were solicited and sold investments in Selden Companies, LLC by John Elliott, that John Elliott represented that Selden stock would not subject to the risks of the market and did not have price volatility, and/or that Selden stock was a Ponzi scheme and their money was stolen. One of these arbitration claims seeks $853,000 in damages.
If you lost any money on investments with John Elliott, you may be able to recover your losses from Ameriprise Financial Services, Inc. This is because Ameriprise Financial Services, Inc. had a duty to supervise John Elliott.
If you lost money on investments with John Elliott and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Ameriprise Financial Services, Inc. concerning John Elliott’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $300 million on behalf of victimized investors. If you lost money on investments with John Elliott and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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