Advisor Alert: Our Attorneys Are Investigating Carolyn Frances Hemann For Investment Fraud
Did You Lose Money Because of Carolyn Hemann?
Filed: January 17, 2024
Carolyn Hemann has been the subject of four (4) 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 Carolyn Frances Hemann.
Who Is Carolyn Frances Hemann of Ameriprise Financial Services, LLC?
- Advisor Name: Carolyn Frances Hemann
- Aliases: Carolyn Hemann
- CRD: 1623885
- Location: Los Angeles, California
- Current Employer: Ameriprise Financial Services, LLC
- Previous Firms: IDS Financial Services Inc. and American Express Service Corporation
- Number of Known Customer Complaints: 4
- Can Carolyn Hemann Be Sued: Yes, in Private Arbitration
- Can Carolyn Hemann’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $140,000
- Highest Settlement: $25,000
If you have suffered investment losses by Carolyn Hemann, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a margin call liquidations 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 Carolyn Hemann For Broker Misconduct
As of this publication date, Carolyn Hemann has been the subject of 4 customer disputes. Let’s review them below.
In March 2011, a complaint was filed against or in reference to Carolyn Hemann by a customer of Ameriprise Financial Services, LLC alleging that Ms. Hemann placed unauthorized transactions in the client’s variable universal life insurance sub accounts in December 2009. Per the customer, he/she lost over $33,607.76 because of Ms. Hemann’s actions. On June 29, 2011, Ms. Hemann settled the claim for $2,025.23, and some or all of this amount may have been paid by Ms. Hemann’s employer and/or insurance carrier.
In June 2010, a FINRA arbitration was filed against or in reference to Carolyn Hemann by multiple customers of Ameriprise Financial Services, LLC alleging that Ms. Hemann did not liquidate the clients’ holdings as they requested in May 2007. They further allege respondents did not diversify their accounts as instructed and purchased stock without their permission. The clients’ claims include fraud, negligence, breach of fiduciary duty, unauthorized trading, suitability, failure to supervise, and elder abuse. Per the customers, they lost over $100,000 because of Ms. Hemann’s actions. On August 18, 2011, Ms. Hemann settled the claim for $25,000, and some or all of this amount may have been paid by Ms. Hemann’s employer and/or insurance carrier.
In April 2009, a complaint was filed against or in reference to Carolyn Hemann by a customer of Ameriprise Financial Services, LLC alleging unauthorized trades in June 2007 and unsuitable recommendations in September 2008 resulted in losses. Per the customer, he/she lost over $140,000 because of Ms. Hemann’s actions.
In June 2004, a complaint was filed against or in reference to Carolyn Hemann by multiple customers of American Express Financial Advisors alleging that the clients’ accounts were set up incorrectly. They should have been set up as beneficial IRA’s which would have prevented the large tax liability they incurred. Per the customers, they lost over $5,000 because of Ms. Hemann’s actions.
How To File A Claim Against Carolyn Hemann of Ameriprise Financial Services, LLC (previously with IDS Financial Services Inc. and American Express Service Corporation) To Get Your Money Back
If you have questions about Carolyn Hemann, Ameriprise Financial Services, LLC, IDS Financial Services Inc., American Express Service Corporation, 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.