Investors have come forward with complaints about securities broker Joseph Lawrence Peggs (also known as Larry Peggs) [CRD: 1219721, Seminole, Florida]. Evidently, the securities broker, who worked for Ameriprise Financial Services LLC, disclosed client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. For more on these disclosures about Peggs, see below.
Evidently, an Ameriprise Financial Services LLC client filed Civil Suit: 18-589-CA about Joseph Peggs. Namely, the estate alleged that Peggs did not carry out the intentions of the decedent client. Because of this, the estate allegedly sustained damages. Therefore, on February 7, 2020, Ameriprise Financial Services LLC settled this matter by paying the estate $30,000 in damages.
Also, a client of NFP Securities Inc. contested Joseph Peggs’ sales practices, according to a complaint. Allegedly, Peggs guaranteed the future value of the client’s life insurance contract. Therefore, NFP Securities Inc. opted to settle the matter on November 12, 2003, by compensating the client in the amount of $50,000.
Evidently, an Ameriprise Financial Services LLC client filed a complaint about Joseph Peggs. Namely, the client alleged that Peggs made unauthorized transactions. Because of this, the client allegedly sustained damages. Therefore, on January 25, 2018, Ameriprise Financial Services LLC settled this matter by paying the client $38,221.04 in damages.
Also, a client of Planmember Securities Corporation contested Joseph Peggs’ sales practices, according to a complaint. Allegedly, Peggs made unsuitable recommendations. Supposedly, the stock transactions resulted in damages. Therefore, Planmember Securities Corporation opted to settle the matter on May 2, 2019, by compensating the client in the amount of $15,000.
Have you experienced damages by investing with Joseph Peggs? If so, contact Soreide Law Group at (888) 760-6552 and talk with a securities lawyer regarding a possible recovery of your investment losses or other damages. Soreide Law Group, who has successfully recovered money for many investors throughout the United States, represents clients on a contingency fee basis and advances costs. Peggs and brokerage firms Peggs worked for deny all allegations of sales practice violations.
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