The securities attorneys at The Law Office of David Liebrader have opened an investigation into the securities related conduct of Joseph Grund, a FINRA registered representative with Ameriprise Financial in Palm Beach Gardens, FL.
Joseph Grund has been FINRA licensed to sell securities for 21 years, and has been affiliated with Ameriprise since 1994. In 1998 he obtained his principal/supervisors’ license, and he is presently licensed to sell securities in 31 states. Grund has been a top performing advisor for Ameriprise, and in 2014 he was named to their Diamond Ring Club, recognizing his status as a top money maker for Ameriprise.
FINRA maintains a database that the public can access to check the credentials of their financial advisors. The website, also known as broker check contains a listing for Joseph Grund, who is presently the subject of a customer complaint that resulted in an arbitration filing against him and Ameriprise.
The arbitration claim, (which has not been proven) contends that Grund breached his fiduciary duty by excessively trading an elderly couple’s account, and over concentrating their account in energy and mineral stocks. While Grund and Ameriprise were earning over $2 million in commissions and fees off their account over a five year period, the portfolio declined over 80%. The Claimants are seeking damages in excess of $30,000,000.
If you are the victim of investment fraud, or if you have lost money investing with Joseph Grund of Ameriprise Financial, please call The Law Office of David Liebrader at (702) 380-3131 for a free, confidential consultation to discuss your legal rights and options. Our firm takes cases on a straight contingency fee, with no money up front, and no money owed unless there is a recovery.
There is no charge for the initial consultation, so call (702) 380-3131 today to speak with an experienced securities attorney who will fight to recover your losses.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery. For the past 23 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions. During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies. The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.