Advisor Alert: Our Attorneys Are Investigating David Norman Adams For Investment Fraud
Did You Lose Money Because of David Adams?
Filed: January 17, 2024
David Adams currently has one (1) pending customer complaint. Overall, he has been the subject of 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 David Norman Adams.
Who Is David Norman Adams of Ameriprise Financial Services, LLC?
- Advisor Name: David Norman Adams
- Aliases: David Adams
- CRD: 1575083
- Location: Jacksonville, Florida
- Current Employer: Ameriprise Financial Services, LLC
- Previous Firms: Sagepoint Financial, Inc. and American General Securities Incorporated
- Number of Known Customer Complaints: 3
- Can David Adams Be Sued: Yes, in Private Arbitration
- Can David Adams’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $250,000
- Highest Settlement: $20,000
If you have suffered investment losses by David Adams, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud 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 David Adams For Broker Misconduct
As of this publication date, David Adams has been the subject of 3 customer disputes. Let’s review them below.
In November 2021, a FINRA arbitration was filed against or in reference to David Adams by a customer of Sagepoint Financial, Inc. alleging that Mr. Adams recommended an investment that was unsuitable. Per the customer, he/she lost over $250,000 because of Mr. Adams’s actions. As of this publication date, this claim remains pending.
In April 2020, a FINRA arbitration was filed against or in reference to David Adams by a customer of Sagepoint Financial, Inc. alleging that an investment in GPB Holdings is unsuitable. Per the customer, he/she lost over $100,000 because of Mr. Adams’s actions. On March 8, 2022, Mr. Adams settled the claim for $20,000, and some or all of this amount may have been paid by Mr. Adams’s employer and/or insurance carrier.
In April 2006, a complaint was filed against or in reference to David Adams by a customer of American General Securities Incorporated alleging that client was led to believe in December 2002, that new policy would be the same as whole life and has been trying to reduce the face amount of the policy. Per the customer, he/she lost over $12,384 because of Mr. Adams’s actions.
How To File A Claim Against David Adams of Ameriprise Financial Services, LLC (previously with Sagepoint Financial, Inc. and American General Securities Incorporated) To Get Your Money Back
If you have questions about David Adams, Ameriprise Financial Services, LLC, Sagepoint Financial, Inc., American General Securities Incorporated, 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.