Geraldine Gordon of Lexington, Kentucky Suspended by FINRA for Recommending “Speculative” Master Limited Partnership
Have you lost money with financial advisor Geraldine Gordon of Lexington, Kentucky? We are investigating allegations made by FINRA (the Financial Industry Regulatory Authority) against Geraldine Gordon, an advisor at Ameriprise Financial Services. FINRA alleged that Gordon recommended that her customer invest $334,000, half of the customer’s liquid net worth, in a master limited partnership concentrated in the energy sector. FINRA alleged that this was an excessive concentration, considering that the prospectus of this master limited partnership considered the investment to be “speculative”. To settle these allegations, Gordon agreed to pay a fine of $7,500 and a 10-day suspension from the securities industry.
Geraldine Gordon is a financial advisor and registered representative of Ameriprise Financial Services from 1994 to the present. She works at a branch office in Lexington, Kentucky. Gordon’s BrokerCheck report discloses that he is the subject of seven customer complaints.
Brokerage firms like Ameriprise Financial Services have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado, the Seattle area, and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including numerous investors in Kentucky in the past. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Ameriprise Financial Services.
Click to view: Gordon, Geraldine BrokerCheck 6.12.17
Click to view: Gordon, Geraldine FINRA AWC
If you lost money with Geraldine Gordon or Ameriprise Financial Services, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.