{"id":1442,"date":"2014-05-05T14:57:58","date_gmt":"2014-05-05T14:57:58","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/05\/finra_panel_tells_ameriprise_t"},"modified":"2022-03-11T10:18:21","modified_gmt":"2022-03-11T16:18:21","slug":"finra-panel-tells-ameriprise-t","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-panel-tells-ameriprise-t\/","title":{"rendered":"FINRA Panel Tells Ameriprise to Pay Elderly Couple $1.7M Over Unsuitable Real Estate Investments"},"content":{"rendered":"

\t\t\t\tA Financial Industry Arbitration panel says that Ameriprise Financial Services Inc. (AMP) must pay $1.17M to two senior investors for getting them involved in investments that failed. The panel said that the financial firm acted inappropriately when it advised Albertus Niehuis Jr., 82, and his wife Andrea, to put $1.03M into high-risk tenant-in-common investments involving hotels and office complexes six years ago. They are retired school teachers. <\/p>\n

One of the investments failed. The other two lost significant value. Despite the ruling, the financial firm insists that it gave the Niehuises the appropriate investment advice and it stands behind the recommendations. <\/p>\n

In 2012, ThinkAdvisor.com said that the number of senior investors is expected to reach 89 million in 2050. Currently, there are close to 40 million Americans belonging to the age 65 and over group. Unfortunately, elder financial fraud continues to be a serious problem. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

A Financial Industry Arbitration panel says that Ameriprise Financial Services Inc. (AMP) must pay $1.17M to two senior investors for getting them involved in investments that failed. The panel said that the financial firm acted inappropriately when it advised Albertus Niehuis Jr., 82, and his wife Andrea, to put $1.03M into high-risk tenant-in-common investments involving […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3739,3803],"tags":[],"class_list":["post-1442","post","type-post","status-publish","format-standard","hentry","category-finra","category-senior-investors"],"yoast_head":"\nFINRA Panel Tells Ameriprise to Pay Elderly Couple $1.7M Over Unsuitable Real Estate Investments — Investor Lawyers Blog — May 5, 2014<\/title>\n<meta name=\"description\" content=\"A Financial Industry Arbitration panel says that Ameriprise Financial Services Inc. 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