Goodman & Nekvasil P.A., May Recover Investor Losses – Luther John Dykema (Luther Dykema) Fired by Securities America, Inc. and Fined by Minnesota Department of Commerce
From 2010 until Luther Dykema’s firing in 2012, Luther Dykema was licensed with Securities America, Inc. Luther Dykema was subsequently licensed with Ameriprise Financial Services, Inc. According to FINRA’s records, Luther Dykema was fired by Securities America, Inc. on May 31, 2012. Securities America, Inc. reported to FINRA that Luther Dykema was accused of accepting cash from a client and failing to disclose an outside business activity.
FINRA also reports that on August 4, 2012, The State of Minnesota Department of Commerce and Luther Dykema entered into a civil penalty and agreement relating to allegations that the representative accepted cash from a client and failed to disclose an outside business activity in violation of Minn. Stat. 60K.43, SUBD. 1 (8) AND 80A.67(D)(13).
If you lost any money on investments with Luther Dykema, you may be able to recover your losses from Securities America, Inc. and/or Ameriprise Financial Services, Inc. This is because Securities America, Inc. and Ameriprise Financial Services, Inc. had a duty to supervise Luther Dykema.
If you lost money on investments with Luther Dykema and believe that 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 Securities America, Inc. and/or Ameriprise Financial Services, Inc. concerning Luther Dykema’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 Luther Dykema 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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