Soreide Law Group is actively investigating potential claims on behalf of investors who may have sustained losses because of Mark Ryan Bierdeman (CRD#: 2809412, Fargo, North Dakota). Bierdeman has been affiliated with Ameriprise Financial Services, LLC in Fargo, North Dakota since January 1, 1997, as a securities broker and since April 12, 2000, as a financial advisor. Particularly noteworthy is State of Minnesota Department of Commerce sanctions against him on November 17, 2022. The regulator alelged that he recommended an unsuitable life insurance policy replacement. Additionally, investors complained about Bierdeman. Here's more.
On November 17, 2022, the State of Minnesota Department of Commerce concluded Case: 2909, sanctioning Mark Bierdeman with $3,000 in fines. The action stemmed from his employment at Ameriprise Financial Services, LLC, where he allegedly recommended an unsuitable life insurance policy replacement for a client.
Evidently, a client of Ameriprise Financial Services Inc. disputed Mark Bierdeman's sales practices by filing FINRA Arbitration: 09-05992. Specifically, the client alleged that Bierdeman sold her an unsuitable variable universal life insurance policy around September 2008 and improperly withheld taxes on her IRA withdrawals, causing her an unexpected tax liability. The client asked for $60,000 in compensatory damages. Consequently, Ameriprise chose to settle the matter on August 3, 2010, by compensating the client $23,185. However, Bierdeman contributed nothing to the settlement amount.
A client of Ameriprise Financial Services Inc. filed a complaint on April 22, 2009. The client alleged that Mark Bierdeman did not properly disclose the cost of insurance and loan stipulations for a policy. The client claimed damages amounting to $20,605. Namely, the complaint was denied by Ameriprise on September 8, 2009, stating that the recommended policy was in line with the client's goals and objectives, and that appropriate disclosures had been made.
If you have suffered financial setbacks due to investments with Mark Bierdeman, you may be eligible for recovery. Particularly, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has recovered money for investors throughout the United States, works on a contingency fee basis, and advances all costs. Bierdeman and brokerage firms he worked for deny accusations of sales practice violations.
Soreide Law Group is investigating potential investor claims involving sales practice violations by securities brokers and financial advisors related to Apex South Creek DST. Apex South Creek DST is a Delaware Statutory Trust real estate investment that was marketed nationwide, frequently to investors completing Section 1031 exchanges, as a passive and income-oriented opportunity tied to […]
Soreide Law Group is investigating potential investor claims involving possible sales practice violations by securities brokers and financial advisors connected to Trenton – Black River IV LP. This investment is a private oil and gas drilling partnership that was sold to investors looking for alternative, energy-related opportunities outside the public markets. Public filings and other […]
Soreide Law Group is investigating potential investor claims involving alleged sales practice violations by securities brokers and financial advisors in connection with Resource Anadarko Royalties LLC. Resource Anadarko Royalties LLC is a private oil-and-gas investment offering focused on mineral and royalty interests, a type of product frequently promoted as an income-generating alternative investment. There is […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com