Advisor Alert: Our Attorneys Are Investigating Michael Keith Kloubec For Investment Fraud
Did You Lose Money Because of Mike Kloubec?
Filed: January 24, 2024
Michael Kloubec (also known as Mike Kloubec) 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 Michael Keith Kloubec.
Who Is Michael Keith Kloubec of Ameriprise Financial Services, LLC?
- Advisor Name: Michael Keith Kloubec
- Aliases: Mike Kloubec
- CRD: 2415021
- Location: Monticello, Minnesota
- Current Employer: Ameriprise Financial Services, LLC
- Previous Firms: IDS Life Insurance Company
- Number of Known Customer Complaints: 3
- Can Michael Kloubec Be Sued: Yes, in Private Arbitration
- Can Michael Kloubec’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $92,326
- Highest Settlement: Unknown
If you have suffered investment losses by Michael Kloubec, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a portfolio mismanagement 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 Mike Kloubec For Broker Misconduct
As of this publication date, Michael Kloubec has been the subject of 3 customer disputes. Let’s review them below.
In June 2023, a complaint was filed against or in reference to Michael Kloubec by a customer of Ameriprise Financial Services, LLC alleging that Mr. Kloubec stole the client’s funds. Per the customer, he/she lost over $5,000 because of Mr. Kloubec’s actions.
In April 2006, a complaint was filed against or in reference to Michael Kloubec by a customer of Ameriprise Financial Services, LLC alleging appropriateness of class B share investments purchased in 2001 and requested conversion to share class A. Per the customer, he/she lost over $5,000 because of Mr. Kloubec’s actions.
In January 2003, a complaint was filed against or in reference to Michael Kloubec by a customer of American Express Financial Advisors alleging that the client did not fully understand the variable life insurance policy he had purchased in October 1997 with a single premium of $225161.57. He alleged that he was informed the cost of insurance would be paid from the earnings generated from the premium. Due to the decline in the market, the cost of insurance deductions have resulted in a decline of his cash surrender value to $132,835.00. Per the customer, he lost over $92,326 because of Mr. Kloubec’s actions.
How To File A Claim Against Mike Kloubec of Ameriprise Financial Services, LLC (previously with IDS Life Insurance Company) To Get Your Money Back
If you have questions about Michael Kloubec, Ameriprise Financial Services, LLC, IDS Life Insurance Company, 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.