Our Unsuitability Recovery Lawyers Are Investigating This Financial Advisor Over Investor Losses
Shepherd Smith Edwards and Kantas Unsuitability Recovery Lawyers (investorlawyers.com) is speaking with customers of former Ameriprise Financial Services broker Christopher John Jacobi. The ex-Florida registered representative was in the industry for 37 years. Jacobi’s CRD shows 11 customer disputes, eight of which were filed in the last three years.
The primary allegation being made in these investor lawsuits is unsuitability. Claimants are seeking financial recovery in the five- and six-figures. Most of these customer disputes were settled or are still pending.
I’m An Investor. Why Should I Be Worried About Unsuitable Recommendations?
Brokers are required to only make investment recommendations that are appropriate for each customer, given their age, level of investing experience, financial goals, liquidity needs, risk tolerance level, and more.
Unsuitability is an all too common problem, whether it’s the inappropriate recommendation of a particular product, trade, or strategy. When this happens, the investor is often placed at risk of suffering portfolio losses they might otherwise have avoided if only their financial advisor had made a recommendation that was suitable for them.
Retail investors, accredited investors, seniors, high-net-worth investors, and institutional investors can all fall victim to unsuitability. This is a kind of broker misconduct that can lead to unauthorised trades, selling away, excessive trading, overconcentration, and more.
What Should I Do If I Were the Victim of Unsuitability?
If Ameriprise broker Christopher Jacobi made an unsuitable recommendation to you, and you lost money in your investment account as a result, you may be able to sue him and/or his broker-dealer of record at the time for damages.
Jacobi stopped working for Ameriprise in 2025. He was a registered representative for the broker-dealer from 2009 to 2025. He worked at other brokerage firms before then. He was also a registered investment adviser until this year.
Contact Shepherd Smith Edwards and Kantas Unsuitability Recovery Lawyers today. We can assess your losses during a free, no-obligation case consultation. Even if the broker-dealer was unaware of the unsuitable activities and recommendations taking place in your account, you still may be able to hold them liable for your losses. Brokerage firms are supposed to properly supervise their registered representatives and your brokerage accounts. This includes identifying any red flags indicating potential financial advisor negligence or misconduct.
Our experienced unsuitability attorneys represent investors all over the US against broker-dealers in arbitration, mediation, and litigation. Because we work on a contingency basis, if you become our client, you would only pay for our securities law services if we were to secure an award or settlement for you.
Call our Unsuitability Recovery Lawyers at (800) 259-9010 today.