Investors potentially experienced sales practice violations because of securities broker Richard Kevin Kubiak [CRD: 2856073, Clarence Center, New York], based on disclosures through FINRA’s BrokerCheck. Kubiak has been registered with Ameriprise Financial Services LLC at its Cheektowaga, New York location since February 24, 1997, and at the firm’s Clarence Center, New York location since June 7, 2016. Check out the following information about the allegations involving Richard Kubiak and the investment products tied to the client’s claim.
Particularly, on March 28, 2025, an Ameriprise Financial Services LLC client filed FINRA Arbitration No. 25-00625 about Richard Kubiak. The client alleged that Kubiak made unsuitable recommendations involving insurance products, fixed annuities, variable annuities, and illiquid real estate investments. Because of this, the client allegedly sustained damages. Therefore, the client requested $6,075,978.00 in compensation from Ameriprise Financial Services LLC or Kubiak. Evidently, this arbitration is pending a resolution.
An allegation of unsuitable recommendations means that the broker is accused of recommending investments that were not appropriate for the client’s financial needs, investment goals, or risk tolerance. Brokers are required to understand their clients' financial profiles and only suggest investments that align with those circumstances. If a broker disregards these requirements, it can result in financial harm for the client.
Did you experience losses because of Richard Kubiak? If you have, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has helped recovered losses for clients located throughout the country. The firm represents clients through a contingency fee basis and advances all costs. Kubiak and brokerage firms Kubiak worked for deny accusations of sales practice violations.
Summit Brokerage and Independent Financial Group each appear on a pending customer claim naming Gilbert Conrad (CRD 2746778). Both claims are unproven allegations. His BrokerCheck report also lists settled disputes at Arkadios Capital and Independent Financial Group.
On August 6, 2026, a customer filed a $400,000 FINRA arbitration naming Chad McQuade (CRD 5436281) and Northwestern Mutual. The claim involves outside, third-party real estate investments. It is pending, and McQuade disputes it in a written response.
Christopher Miller (CRD 4044818) has a customer dispute on BrokerCheck that settled on October 7, 2026 for $50,901. The disclosure lists Emerson Equity as the firm.
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