It’s a rather grim scenario when your hard-earned retirement savings are potentially at risk due to unsuitable, illiquid, and speculative investments. That’s precisely the allegation being raised by a claimant against Eliah Ewing, a financial advisor with AMERIPRISE FINANCIAL SERVICES, LLC. The claimant alleges that she was recommended to invest her retirement savings in FSIC (FS Investment Corporation) on 12/16/11, FSEP (FS Energy & Power Fund) in 2014, and a RVS Life variable annuity on 12/14/18. This is a serious matter, with a pending customer dispute involving a whopping $100,000.
The Allegation in a Nutshell
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The claimant’s case revolves around the argument that the investments recommended by Eliah Ewing of AMERIPRISE FINANCIAL SERVICES, LLC were far from suitable for her retirement savings. These investments include FSIC, FSEP, and a RVS Life variable annuity. To make matters worse, these investments are not only unsuitable but also illiquid and speculative. In layman’s terms, this means they are risky, hard to sell, and not appropriate for someone looking for a stable retirement income.
Interestingly, Ewing has denied recommending the FSIC and FSEP investments. This discrepancy adds another layer of complexity to the already serious allegation.
Haselkorn & Thibaut Steps In
The good news is that the claimant is not alone in this battle. The investment fraud law firm Haselkorn & Thibaut is currently investigating the advisor and the company. With offices in Florida, New York, North Carolina, Arizona, and Texas, this national firm has a strong reputation for helping investors recover their losses. Here’s why:
- They have over 50 years of combined experience in the field.
- They have a proven track record of successful financial recoveries for investors.
- They boast a 98% success rate, which speaks volumes about their expertise and dedication.
Moreover, Haselkorn & Thibaut is offering a free consultation to clients affected by this case. You can reach out to them at 1-800-856-3352. And the cherry on top? Their “No Recovery, No Fee” policy ensures that you won’t be charged unless they successfully recover your losses.
FINRA Arbitration: A Ray of Hope
For investors who find themselves in such unfortunate situations, FINRA Arbitration can be a lifeline. It’s a dispute resolution process that’s quicker and less formal than litigation, and it can help investors recover their losses. In this case, it could be a viable option for the claimant and others who may have been recommended unsuitable investments.
At the end of the day, the seriousness of the allegation cannot be overstated. But with experienced firms like Haselkorn & Thibaut on their side, investors can fight back and stand a chance to recover their losses.
