Goodman & Nekvasil P.A., May Recover Losses on Options Trading and/or RiverSource Annuities – Stephen John Caruso (Stephen Caruso) Fired by Ameriprise Financial Services, Inc.
From 2012 until Stephen Caruso’s firing in 2016, Stephen Caruso worked for Ameriprise Financial Services, Inc. According to FINRA’s records, Stephen Caruso was fired by Ameriprise Financial Services, Inc. on May 27, 2016. Ameriprise Financial Services, Inc. reported to FINRA that Stephen Caruso was fired for violations of company policy related to options trading, trade corrections and possible discretionary trading in a non-discretionary account.
FINRA reports that two complaints involving Stephen Caruso’s conduct with Ameriprise Financial Services, Inc. were filed, alleging unauthorized options trading and/or that Stephen Caruso did not explain the 10 year surrender period associated with the RiverSource RAVA5 Advantage Variable Annuity. These two complaints settled for $135,000 and $92,822.25. FINRA reports that two complaints involving Stephen Caruso’s conduct with a prior employer were also settled.
If you lost any money on investments with Stephen Caruso, including options trading and/or RiverSource Annuities, 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 Stephen Caruso.
If you lost money on investments with Stephen Caruso, including options trading and RiverSource annuities, 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 Stephen Caruso’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 Stephen Caruso, including options trading and RiverSource annuities 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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