Rabinder Deshmukh (Ravi Deshmukh) Formerly Licensed with Ameriprise Financial Services, Inc. – Goodman & Nekvasil P.A., May Recover Investor Losses
Ravi Deshmukh was licensed with Ameriprise Financial Services, Inc. from 2015 to 2016. FINRA reports that an arbitration claim was filed involving Ravi Deshmukh’s conduct with Ameriprise Financial Services, Inc., alleging that from 2008 to 2015, claimants were recommended and sold unsuitable, highly concentrated positions in speculative securities. In addition, the claimants allege they were recommended to trade on margin. This arbitration claim is currently pending and seeks $9,000,000 in damages.
FINRA reports that three arbitration claims involving Ravi Deshmukh’s conduct with a prior employer have been filed. These claims allege misrepresentation, unsuitability, trading on margin, breach of fiduciary duty, churning, omission of material facts, fraud, negligence, and/or other allegations. These arbitration claims all settled, with the largest settling for $225,000.
If you lost any money on investments with Ravi Deshmukh, 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 Ravi Deshmukh.
If you lost money on investments with Ravi Deshmukh 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 Ameriprise Financial Services, Inc. concerning Ravi Deshmukh’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 Ravi Deshmukh 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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