Sanction, Investor Dispute Disclosures By Mark Bierdeman

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.

State Of Minnesota Department Of Commerce Sanctioned Bierdeman For Alleged Recommendation Of An Unsuitable Life Insurance Policy

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.

Mark Bierdeman Disclosed Suitability Allegations By Ameriprise Financial Services Inc. 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.

Bierdeman Disclosed Dispute By Ameriprise Financial Services Inc. Client

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.

Time To Take Action For Recovery

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.