Investors might have sustained losses due to securities broker Eric Todd Bilitz [CRD: 2214828, Indianapolis, Indiana], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Eric Bilitz worked for Ameriprise Financial Services LLC from January 12, 2001, to July 22, 2024, and later became registered with Vanderbilt Securities LLC on August 13, 2024, and Vanderbilt Advisory Services on August 30, 2024. Investors should review the information below to find out more about disclosures involving Bilitz.
Particularly, a client filed a complaint about Eric Bilitz. Primarily, the client alleged that Bilitz made unsuitable recommendations and misrepresentations in connection with variable annuities. Because of this, the client allegedly experienced damages connected to variable annuities. Consequently, on July 3, 2024, Ameriprise Financial Services LLC settled this matter by paying the client $38,989.81 in damages.
Specifically, a client of Ameriprise Financial Services Inc. contested Eric Bilitz’s sales practices, according to a complaint dated April 16, 2015. Allegedly, Bilitz made unsuitable recommendations. It appears that Bilitz allegedly caused the client to incur damages relating to life insurance products. Therefore, the client sought compensation from Ameriprise Financial Services Inc. or Bilitz in the amount of $21,420 in this matter. This complaint was ultimately denied on June 9, 2015.
Evidently, a client of Ameriprise Financial Services Inc. disputed Bilitz’s sales practices, according to a complaint dated June 6, 2014. Allegedly, Bilitz made misrepresentations regarding the premium payments associated with a variable universal life insurance policy. It appears that Bilitz allegedly caused the client to experience damages linked to life insurance products. As a result, the client sought compensation from Ameriprise Financial Services Inc. or Bilitz in the amount of $12,630.92 in this matter. However, the firm denied this complaint.
Notably, a client of Ameriprise Financial Services Inc. contested Bilitz’s sales practices, according to a complaint dated June 7, 2013. Allegedly, Bilitz made unsuitable recommendations in connection with the client’s investment portfolio. It appears that Bilitz allegedly caused the client to sustain damages associated with mutual funds, real estate securities, variable annuities, and stocks. Consequently, the client sought compensation from Ameriprise Financial Services Inc. or Bilitz in the amount of $113,000 in this matter. However, the firm denied this complaint.
Do you need clarification on any investment losses relating to Eric Bilitz? Get in touch with Soreide Law Group online or at (888) 760-6552 and consult with a securities lawyer concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for clients located throughout the country. Also, the firm works on a contingency fee basis and advances all costs. Bilitz and brokerage firms Bilitz worked for deny allegations of sales practice violations.
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