Advisor Alert: Our Attorneys Are Investigating Steven Daniel Felton For Investment Fraud
Did You Lose Money Because of Steven Felton?
Filed: January 24, 2024
Steven Felton 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 Steven Daniel Felton.
Who Is Steven Daniel Felton of Ameriprise Financial Services, LLC?
- Advisor Name: Steven Daniel Felton
- Aliases: Steven Felton
- CRD: 1348440
- Location: Rocky Mount, North Carolina
- Current Employer: Ameriprise Financial Services, LLC
- Previous Firms: IDS Life Insurance Company and IDS Financial Services Inc.
- Number of Known Customer Complaints: 3
- Can Steven Felton Be Sued: Yes, in Private Arbitration
- Can Steven Felton’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $450,000
- Highest Settlement: Unknown
If you have suffered investment losses by Steven Felton, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a churning 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 Steven Felton For Broker Misconduct
As of this publication date, Steven Felton has been the subject of 3 customer disputes. Let’s review them below.
In July 2020, a complaint was filed against or in reference to Steven Felton by a customer of Ameriprise Financial Services, LLC alleging that Mr. Felton made poor recommendations to purchase RiverSource Variable Annuities and class A share mutual funds with high expenses since 1999. Per the customer, he/she lost over $450,000 because of Mr. Felton’s actions.
In July 2010, a complaint was filed against or in reference to Steven Felton by multiple customers of Ameriprise Financial Services, LLC alleging suitability concerns related to the variable insurance policy purchased in February 1994. Per the customers, they lost over $150,000 because of Mr. Felton’s actions.
In February 2007, a complaint was filed against or in reference to Steven Felton by multiple customers of Ameriprise Financial Services, LLC alleging that the investment recommendations made to them from 1998-2004 were not suitable due to the risk involved and resulted in continual decline in value. The clients claim their portfolio experienced significant losses and requested a review of their investment activity. Per the customers, they lost over $5,000 because of Mr. Felton’s actions.
How To File A Claim Against Steven Felton of Ameriprise Financial Services, LLC (previously with IDS Life Insurance Company and IDS Financial Services Inc.) To Get Your Money Back
If you have questions about Steven Felton, Ameriprise Financial Services, LLC, IDS Life Insurance Company, IDS 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.