Advisor Alert: Our Attorneys Are Investigating Paul Allen Berkman For Investment Fraud
Did You Lose Money Because of Paul Berkman?
Filed: January 16, 2024
Paul Berkman currently has two (2) pending customer complaints. Overall, he has been the subject of one (1) criminal event and 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 Paul Allen Berkman.
Who Is Paul Allen Berkman of Ameriprise Financial Services, LLC?
- Advisor Name: Paul Allen Berkman
- Aliases: Paul Berkman
- CRD: 1002769
- Location: New York, New York
- Current Employer: Ameriprise Financial Services, LLC
- Previous Firms: AXA Advisors, LLC and J Giordano Securities Group
- Number of Known Customer Complaints: 4
- Number of Known Criminal Events: 1
- Can Paul Berkman Be Sued: Yes, in Private Arbitration
- Can Paul Berkman’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $730,000
- Highest Settlement: Unknown
If you have suffered investment losses by Paul Berkman, 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 Paul Berkman For Broker Misconduct
As of this publication date, Paul Berkman has been the subject of 1 criminal event and 4 customer disputes. Let’s review them below.
In November 2023, a FINRA arbitration was filed against or in reference to Paul Berkman by a customer of Equitable Advisors alleging that the REIT purchased was unsuitable. As of this publication date, this claim remains pending.
In February 2023, a complaint was filed against or in reference to Paul Berkman by a customer of Ameriprise Financial Services, LLC alleging that deceased client’s beneficiaries were not changed by Mr. Berkman pursuant to the client’s request on 10/8/21. Per the customers, they lost over $730,000 because of Mr. Berkman ’s actions. As of this publication date, this claim remains pending.
In July 2020, a complaint was filed against or in reference to Paul Berkman by a customer of Equitable Advisors alleging that the sale of a variable insurance policy in 2010, was unsuitable.
In November 2019, a complaint was filed against or in reference to Paul Berkman by a customer of AXA Advisors, LLC alleging that Mr. Berkman recommended an unsuitable investment in a REIT that she purchased in 2014.
In January 1992, felony charges were pressed against Mr. Cawthorne in United States District Court for the Southern District of New York.
How To File A Claim Against Paul Berkman of Ameriprise Financial Services, LLC (previously with AXA Advisors, LLC and J Giordano Securities Group) To Get Your Money Back
If you have questions about Paul Berkman, Ameriprise Financial Services, LLC, AXA Advisors, LLC, J Giordano Securities Group, 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.