Roy Waugh Facing Ameriprise Client Disputes

Investors might have sustained losses due to securities broker Roy Chuck Waugh [CRD: 2130562, Lawton, Oklahoma], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Roy Waugh joined Ameriprise Financial Services LLC on May 6, 1991. Here’s more about the securities broker’s disclosures.

Ameriprise Financial Services Client Accused Waugh Of Beneficiary Change Issue

Specifically, an Ameriprise Financial Services client filed FINRA Arbitration No. 22-01959 about Roy Waugh. Supposedly, Waugh did not pay the correct beneficiaries on a policy. So, on August 1, 2023, Ameriprise Financial Services settled this matter by paying the client $15,000 in damages.

Investor Accused Roy Waugh Of Not Disclosing Risks And Costs

Particularly, on July 19, 2018, an Ameriprise Financial Services Inc. client filed a complaint about Roy Waugh. Supposedly, Waugh did not disclose the costs and risks associated with a variable annuity and other investments. Because of this, the client allegedly sustained damages on real estate securities, variable annuities, and exchange traded funds. As a result, the client requested $260,725 in compensation from Ameriprise Financial Services Inc. or Waugh. The firm denied this complaint.

Waugh Disclosed Allegations By Ameriprise Financial Services Inc. Client

Also, a client of Ameriprise Financial Services Inc. contested Roy Waugh’s sales practices, according to a complaint dated August 15, 2011. Allegedly, Waugh did not follow her instruction to place her annuity IRA assets into the fixed subaccount allocation. Therefore, the client sought compensation from Ameriprise Financial Services Inc. or Waugh. The securities firm denied this complaint.

Losses Because Of Securities Broker Roy Waugh?

Suffered losses because of Roy Waugh? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Waugh and brokerage firms Waugh worked for deny accusations of sales practice violations.