Advisor Alert: Our Attorneys Are Investigating Kevin Douglas Houser For Investment Fraud
Did You Lose Money Because of Kevin Houser?
Filed: November 15, 2023
Kevin Houser currently has two (2) pending customer complaints. Overall, he has been the subject of six (6) 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 Kevin Douglas Houser.
Who Is Kevin Douglas Houser of Ameriprise Financial Services, LLC?
- Advisor Name: Kevin Douglas Houser
- Aliases: Kevin D Houser
- CRD: 2513167
- Location: Center Valley, Pennsylvania
- Current Employer: Ameriprise Financial Services, LLC
- Previous Firms: LPL Financial LLC and Wachovia Securities, LLC
- Number of Known Customer Complaints: 6
- Can Kevin Houser Be Sued: Yes, in Private Arbitration
- Can Kevin Houser’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $358,000
- Highest Settlement: $75,000
If you have suffered investment losses by Kevin Houser, 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 Kevin Houser For Broker Misconduct
As of this publication date, Kevin Houser has been the subject of 6 customer disputes. Let’s review them below.
In July 2023, a FINRA arbitration was filed against or in reference to Kevin Houser by a customer of Ameriprise Financial Services, LLC and LPL Financial LLC alleging that between 2016 and 2023, representative made unsuitable investment recommendations and misrepresentations concerning a business development company and a variable annuity. Per the customer, he/she lost over $46,979 because of Mr. Houser’s actions. As of this publication date, this claim remains pending.
In December 2022, a FINRA arbitration was filed against or in reference to Kevin Houser by multiple customers of LPL Financial LLC and Ameriprise Financial Services, LLC alleging that in late 2014, respondents recommended they invest in two unsuitable Equitable Financial Life Insurance Company variable annuities and in two high-risk, illiquid alternative investments, FS Energy and Power (FSEP) and FS KKR Capital Corporation (FSKR). Per the customers, they lost over $200,000 because of Mr. Houser’s actions. As of this publication date, this claim remains pending.
In February 2022, a FINRA arbitration was filed against or in reference to Kevin Houser by multiple customers of LPL Financial LLC alleging that while clients were at LPL, they were recommended the following unsuitable, speculative, high-risk investments: FSKR, FSEP, Cole Credit Property Trust IV and CIM Real Estate Finance Trust. Per the customers, they lost over $244,000 because of Mr. Houser’s actions. On May 31, 2023, Mr. Houser settled the claim for $55,000, and some or all of this amount may have been paid by Mr. Houser’s employer and/or insurance carrier.
In November 2020, a FINRA arbitration was filed against or in reference to Kevin Houser by a customer of LPL Financial LLC alleging that the client invested in Franklin Square BDC, Cole credit property trust IV, and CIM REIT upon his broker’s misleading recommendation, which did not suit his allegedly conservative investment profile. Per the customer, he lost over $358,000 because of Mr. Houser’s actions. On May 17, 2022, Mr. Houser settled the claim for $75,000, and some or all of this amount may have been paid by Mr. Houser’s employer and/or insurance carrier.
In November 2020, a FINRA arbitration was filed against or in reference to Kevin Houser by multiple customers of LPL Financial LLC alleging that the clients invested in Franklin Square BDC, Cole Credit Property Trust IV, and CIM REIT upon their broker’s misleading recommendation, which did not suit their allegedly conservative investment profile. Per the customers, they lost over $292,000 because of Mr. Houser’s actions.
In July 2020, a FINRA arbitration was filed against or in reference to Kevin Houser by multiple customers of LPL Financial LLC alleging that the clients invested in Franklin Square BDC’s and AXA annuities upon their broker’s misleading recommendation, which did not suit their allegedly conservative investment profile. Per the customers, they lost over $300,000 because of Mr. Houser’s actions. On September 23, 2021, Mr. Houser settled the claim for $75,000, and some or all of this amount may have been paid by Mr. Houser’s employer and/or insurance carrier.
How To File A Claim Against Kevin Houser of Ameriprise Financial Services, LLC (previously with LPL Financial LLC and Wachovia Securities, LLC) To Get Your Money Back.
If you have questions about Kevin Houser, Ameriprise Financial Services, LLC, LPL Financial LLC, Wachovia Securities, LLC, 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.