Advisor Alert: Our Attorneys Are Investigating John Frederick McLaughlin III For Investment Fraud
Did You Lose Money Because of John McLaughlin?
Filed: January 24, 2024
John McLaughlin 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 John Frederick McLaughlin III.
Who Is John Frederick McLaughlin III of Ameriprise Financial Services, LLC?
- Advisor Name: John Frederick McLaughlin III
- Aliases: John Frederick McLaughlin
- CRD: 1407726
- Location: Olean, New York
- Current Employer: Ameriprise Financial Services, LLC
- Previous Firms: Stifel Nicolaus & Company, Incorporated and UBS Financial Services Inc.
- Number of Known Customer Complaints: 3
- Can John McLaughlin Be Sued: Yes, in Private Arbitration
- Can John McLaughlin’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $216,000
- Highest Settlement: $75,000
If you have suffered investment losses by John McLaughlin, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an elder financial abuse 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 John McLaughlin For Broker Misconduct
As of this publication date, John McLaughlin has been the subject of 3 customer disputes. Let’s review them below.
In June 2020, a complaint was filed against or in reference to John McLaughlin by a customer of Stifel Nicolaus & Company, Incorporated alleging that the recommendation to surrender an annuity contract was not suitable. Per the customer, he/she lost over $54,000 because of Mr. McLaughlin’s actions.
In August 2008, a complaint was filed against or in reference to John McLaughlin by a customer of UBS Financial Services Inc. alleging that the client was advised that there would be minimal financial ramifications associated with moving her funds from an annuity into tax-free municipal bonds. The client also questions the suitability of this investment for her 92 year old mother. Per the customer, she lost over $5,000 because of Mr. McLaughlin’s actions. On October 27, 2010, Mr. McLaughlin settled the claim for $60,000, and some or all of this amount may have been paid by Mr. McLaughlin’s employer and/or insurance carrier.
In June 2002, a complaint was filed against or in reference to John McLaughlin by multiple customers of Mcdonald Investments Inc. alleging that unsuitable investments were purchased for their account. Per the customers, they lost over $216,000 because of Mr. McLaughlin’s actions. On July 26, 2002, Mr. McLaughlin settled the claim for $75,000, and some or all of this amount may have been paid by Mr. McLaughlin’s employer and/or insurance carrier.
How To File A Claim Against John McLaughlin of Ameriprise Financial Services, LLC (previously with Stifel Nicolaus & Company, Incorporated and UBS Financial Services Inc.) To Get Your Money Back
If you have questions about John McLaughlin, Ameriprise Financial Services, LLC, Stifel Nicolaus & Company, Incorporated, UBS Financial Services 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.