Stoltmann Law Offices is investigating Bill Utanski, a broker with Ameriprise Financial Services in St. Petersburg, Florida. According to publicly available records from the Financial Industry Regulatory Authority (FINRA), Utanski was accused of recommending unsuitable investments in products including closed-end funds and Dendreon stock, and engaged in churning. Churning is excessively trading in a customer’s account to generate large commissions for the broker himself. It is against securities rules and regulations. Utanski was registered with Salomon Smith Barney in New York, New York from January 1995 until June 1999, UBS in Weehawken, New Jersey from June 1999 until June 2001, Prudential Securities in New York from June 2001 until November 2002 and Ameriprise in Ft. Lauderdale, Florida from October 2002 until October 2009. He is currently registered with Ameriprise in Ft. Lauderdale and has been since October 2009. He has three customer disputes against him, one of which is currently pending.
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