Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
Investors potentially incurred losses because of securities broker Sandeep Madhavan [CRD: 4673687, El Segundo, California], according to information disclosed through FINRA BrokerCheck. Madhavan has worked for Ameriprise Financial Services as a securities broker since August 15, 2003, and as a financial advisor since May 10, 2007. Continue reading to find out more about the disclosed client disputes.
A client alleged that Sandeep Madhavan sold investments from her managed mutual fund account before receiving authorization, causing damages. On January 23, 2025, Ameriprise Financial Services settled the complaint for $11,225.49. Madhavan reportedly contributed the full settlement amount.
A client alleged that Madhavan recommended an unsuitable variable universal life insurance policy in October 2004 because the client could not afford the premiums. On May 11, 2009, the firm settled the complaint for $11,368.52. Madhavan reportedly contributed nothing.
A client alleged that Madhavan made misrepresentations involving life insurance products. American Express Financial Advisors settled the matter on June 28, 2005. Madhavan stated that he was dismissed from the case and contributed nothing to the settlement.
Did you sustain losses because of Sandeep Madhavan? Contact Soreide Law Group at (888) 760-6552 or online to speak with a securities attorney about a potential recovery. The firm works on a contingency fee basis and advances all costs. Madhavan and the firms he worked for deny accusations of sales practice violations.
Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
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