Stoltmann Law Offices is investigating Geraldine Gordon, an Ameriprise broker in Lexington, Kentucky. She has been accused of generating more than $500,000 in losses in connection with Neuberger Berman MLP Fund, Clearbridge American Energy MLP Fund and Tekla World Healthcare Fund. The Financial Industry Regulatory Authority (FINRA) accused Gordon of misrepresenting material facts, failing to discuss fees and commissions, recommending unsuitable investments and purchasing insurance projects without her clients’ knowledge. She also allegedly recommended unsuitable annuities and insurance products that were subject to a class-action lawsuit. A broker must take into account many factors when recommending or selling a security to clients, among them being the client’s age, net worth, investment objectives and investment sophistication. If she does not, her brokerage firm may be liable for losses, because the firm has a duty to reasonably supervise her. If you lost money with Gordon, please call our securities law firm in Chicago for a free consultation with one of our attorneys. We sue firms such as Ameriprise in the FINRA arbitration forum in order to recover losses for clients on a contingency fee basis only.
According to her online, public FINRA BrokerCheck report, Gordon was registered with IDS Life Insurance Company in Minneapolis, Minnesota from December 1994 until July 2006 and is currently registered with Ameriprise in Lexington, Kentucky and has been since December 1994. She has seven customer disputes against her, one of which is currently pending.
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