Advisor Alert: Our Attorneys Are Investigating David Cameron Monckton For Investment Fraud
Did You Lose Money Because of David Monckton of Ameriprise Financial Services (previously with Voya Financial Advisors)?
Filed: October 20, 2023
David Monckton 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 David Monckton of Ameriprise Financial Services, LLC.
Who Is David Monckton of Ameriprise Financial Services, LLC?
- Advisor Name: David Cameron Monckton
- Aliases: David Monckton
- CRD: 2252224
- Location: Seneca, South Carolina
- Current Employer: Ameriprise Financial Services, LLC
- Previous Firms: Voya Financial Advisors, Inc. and ING Financial Partners, Inc.
- Number of Known Customer Complaints: 4
- Can David Monckton Be Sued: Yes, in Private Arbitration
- Can David Monckton’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $738,000
- Highest Settlement: $75,000
If you have suffered investment losses by David Monckton, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a failure to supervise 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 Monckton For Broker Misconduct
As of this publication date, David Monckton has been targeted in 4 customer disputes. Let’s review them below.
In December 2020, a FINRA arbitration was filed against or in reference to David Monckton by a customer of Voya Financial Advisors, Inc. alleging that Mr. Monckton sold unsuitable and risky investments in 2014 based on the customer’s desire to protect his principal. Per the customer, they lost over $85,000 due to Mr. Monckton’s actions.
In October 2020, a FINRA arbitration was filed against or in reference to David Monckton by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Monckton sold unsuitable and risky investments beginning in 2013 based on their desire to avoid long term, illiquid investments. Per the customers, they lost $87,500 due to Mr. Monckton’s actions. On December 14, 2021, Mr. Monckton settled the claim for $14,999, and some or all of this amount may have been paid by Mr. Monckton’s employer and/or insurance carrier.
In August 2020, a FINRA arbitration was filed against or in reference to David Monckton by a customer of Voya Financial Advisors, Inc. alleging that Mr. Monckton sold unsuitable investments in 2014 based on the customer’s desire to protect his principal. Per the customer, they lost over $315,000 due to Mr. Monckton’s actions. On February 23, 2022, Mr. Monckton settled the claim for $60,000, although some or all of this amount may have been paid by Mr. Monckton’s employer and/or insurance carrier.
In August 2010, a FINRA arbitration was filed against or in reference to David Monckton by multiple customers of ING Financial Partners Inc. alleging that Mr. Monckton mismanaged the customers’ accounts from about January 2006 through 2009 by means of unsuitable recommendations, breach of fiduciary duty, breach of contract, professional negligence, failure to supervise, and common law fraud by misrepresentation and omission of facts. Per the customers, they lost over $738,000 due to Mr. Monckton’s actions. On August 4, 2021, Mr. Monckton settled the claim for $75,000, although some or all of this amount may have been paid by Mr. Monckton’s employer and/or insurance carrier.
How To File A Claim Against David Monckton of Ameriprise Financial Services, LLC (previously with Voya Financial Advisors, Inc., and ING Financial Partners, Inc.) To Get Your Money Back.
If you have questions about David Monckton, Ameriprise Financial Services, LLC, Voya Financial Advisors, Inc., Voya Financial Advisors, Inc., and ING Financial Partners, 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.