Advisor Alert: Our Attorneys Are Investigating Bryant Edwin Caveness For Investment Fraud
Did You Lose Money Because of Bryant Caveness?
Filed: January 24, 2024
Bryant Caveness has been the subject of one (1) regulatory event, one (1) termination event, and three (3) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Bryant Edwin Caveness.
Who Is Bryant Edwin Caveness?
- Advisor Name: Bryant Edwin Caveness
- Aliases: Bryant Caveness
- CRD: 4033740
- Location: Kingsport, Tennessee
- Current Employer: No Longer Allowed to Practice in the Securities Industry
- Previous Firms: Ameriprise Financial Services, LLC, Ameriprise Advisor Services, Inc., and Morgan Stanley DW Inc.
- Number of Known Customer Complaints: 3
- Number of Known Regulatory Events: 1
- Number of Known Termination Events: 1
- Can Bryant Caveness Be Sued: Yes, in Private Arbitration
- Can Bryant Caveness’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $230,000
- Highest Settlement: $150,000
If you have suffered investment losses by Bryant Caveness, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stock market losses lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Bryant Caveness For Broker Misconduct
As of this publication date, Bryant Caveness has been the subject of 1 regulatory event, 1 termination event, and 3 customer disputes. Let’s review them below.
In November 2020, a complaint was filed against or in reference to Bryant Caveness by multiple customers of Ameriprise Financial Services, LLC alleging that the respondents placed the clients in precious metals and mining stocks, inverse and leveraged ETFs, and gold coins, and allege unsuitability, breach of fiduciary duty, and negligent supervision. Per the customer, he/she lost over $230,000 because of Mr. Caveness’s actions. On September 8, 2021, Mr. Caveness settled the claim for $150,000, and some or all of this amount may have been paid by Mr. Caveness’s employer and/or insurance carrier.
In July 2020, FINRA initiated a regulatory action against or in reference to Bryant Caveness for refusing to provide information and documents requested by FINRA in connection with its investigation into his potential receipt of checks from senior customers. The findings stated that although Caveness initially cooperated with FINRA’s investigation, he ceased doing so.
In June 2020, Ameriprise Financial terminated Bryant Caveness for company policy violations related to personal trade, ethics, and solicitation of exchange traded products.
In July 2010, a complaint was filed against or in reference to Bryant Caveness by multiple customers of Ameriprise Financial Services, LLC alleging discretionary trading of unsuitable investments that occurred within the client’s portfolio. Per the customer, he/she lost over $170,000 because of Mr. Caveness’s actions. On July 19, 2010, Mr. Caveness settled the claim for $85,000, and some or all of this amount may have been paid by Mr. Caveness’s employer and/or insurance carrier.
In May 2001, a complaint was filed against or in reference to Bryant Caveness by multiple customers of Morgan Stanley DW Inc. alleging unsuitable recommendations. Per the customer, he/she lost over $100,000 because of Mr. Caveness’s actions. On April 2, 2002, Mr. Caveness settled the claim for $37,500, and some or all of this amount may have been paid by Mr. Caveness’s employer and/or insurance carrier.
How To File A Claim Against Bryant Caveness (previously with Ameriprise Financial Services, LLC, Ameriprise Advisor Services, Inc., and Morgan Stanley DW Inc.) To Get Your Money Back
If you have questions about Bryant Caveness, Ameriprise Financial Services, LLC, Ameriprise Advisor Services, Inc., Morgan Stanley DW Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.