John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Rodney Wayne Rich Jr. (also known as Rod Rich Jr., Rodney W. Rich, Rodney Rich) [CRD: 714642, Bellevue, Washington].
Rodney Rich Jr. has been registered with Ameriprise Financial Services, LLC, since April 29, 2016. Recent disclosures reveal concerns about Rich’s conduct, including allegations involving variable annuities and inadequate client account monitoring.
On August 22, 2024, a client of Ameriprise Financial Services, LLC, filed a written complaint alleging that Rich Jr. failed to monitor her MetLife annuity contracts, leading to poor advice regarding her lifetime income. The complaint focused on variable annuities and claimed that these actions caused financial harm.
This matter was resolved the same day, with Ameriprise Financial Services, LLC, agreeing to settle the case by paying the client $928,968.03. Rodney Rich Jr. did not contribute to the settlement amount.
On October 3, 2012, a client of MetLife Securities alleged that a variable annuity purchased through Rich Jr. in March 2005 was not suitable for their investment needs. The client did not specify a compensatory damages amount but indicated that potential damages could exceed $5,000.
This complaint was denied by MetLife Securities on January 18, 2013. No settlement was reached, and no compensation was awarded in the matter.
If so, reach out to Soreide Law Group online here or call (888) 760-6552 to speak with a securities attorney. Soreide Law Group works to recover losses caused by sales practice violations, though recovery is not guaranteed. Rich and the firms he worked for deny accusations of sales practice violations.
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
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