GOODMAN & NEKVASIL P.A, MAY RECOVER INVESTOR LOSSES – TOM GILLIAM PARKS, JR. PERMITTED TO RESIGN FROM AMERIPRISE FINANCIAL SERVICES, INC.
From 1993 until his resignation in 2016, Tom Parks, Jr. was licensed with Ameriprise Financial Services, Inc. According to FINRA records, Tom Parks, Jr. resigned from Ameriprise Financial Services, Inc. on April 1, 2016. Ameriprise Financial Services, Inc. reported to FINRA that Tom Parks, Jr. was permitted to resign for violations of company policy related to suitability, client disclosure, and outgoing correspondence while on heightened supervision.
FINRA reports that twelve arbitration claims were filed alleging unsuitable investment recommendations, breach of contract, fraud, negligence, and/or breach of fiduciary duty by Tom Parks, Jr. These claims involving Tom Parks, Jr.’s conduct were all settled by Ameriprise Financial Services, Inc., with the three largest settling for $180,000, $175,000, and $150,000.
FINRA also reports that nine arbitration claims involving Tom Parks, Jr. ’s conduct are currently pending with the two largest claims alleging damages of $1,000,000 and $335,000.
If you lost any money on investments with Tom Parks, Jr., 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 Tom Parks, Jr. 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 Tom Parks, Jr. ’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 Tom Parks, Jr. 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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