Ted Boutis Involved In Ameriprise Client Complaints About Misrepresentation

One or more investors apparently complained about securities broker Ted Arthur Boutis [CRD: 2951760, Melville, New York], according to disclosures on FINRA BrokerCheck. Evidently, Ted Boutis has worked for Ameriprise Financial Services LLC since November 13, 1997, as a broker, and since October 5, 2006, as an investment adviser. These registrations are tied to his offices located in Melville and Miller Place, New York. Below, investors can review details about the disclosures involving this broker and what they might mean for investors.

Boutis Disclosed Misrepresentation Allegations By Ameriprise Client

Particularly, a client of Ameriprise Financial Services LLC contested Ted Boutis’s sales practices, according to a complaint dated March 20, 2025. Allegedly, Boutis caused poor performance in the client’s portfolio, recommended an inappropriate life insurance policy, and made misrepresentations about variable annuities. Allegedly, Boutis allegedly caused the client to sustain damages. Therefore, the client sought compensation from Ameriprise Financial Services LLC or Boutis in the amount of $1,000,000 in this matter. However, the firm denied this complaint.

Ameriprise Financial Services LLC Investor Accused Ted Boutis Of Sales Practice Violation

Further, an Ameriprise Financial Services LLC client filed FINRA Arbitration No. 22-01968 about Ted Boutis. Supposedly, Boutis made unsuitable recommendations and made misrepresentations. Because of this, the client allegedly incurred damages through investing in mutual funds. As a result, on August 14, 2023, Ameriprise Financial Services LLC settled this matter by paying the client $50,000.00 in damages.

Boutis Disclosed Unsuitable Recommendations Allegations By Ameriprise Financial Services LLC Client

Also, a client of Ameriprise Financial Services LLC contested Ted Boutis’s sales practices by filing FINRA Arbitration No. 21-00854. Allegedly, Boutis recommended unsuitable variable annuities mutual funds. The claim also alleged margin misuse. Allegedly, Boutis caused the client to sustain damages. Therefore, Ameriprise Financial Services LLC chose to settle the matter on June 16, 2022, by compensating the client in the amount of $69,500.00.

Ameriprise Financial Services LLC Investor Accused Ted Boutis Of Unsuitable Advice

Evidently, an Ameriprise Financial Services LLC client filed FINRA Arbitration No. 21-00853 about Ted Boutis. Supposedly, Boutis engaged in wrongful use of margin and gave unsuitable advice regarding mutual funds and annuities. Because of this, on June 16, 2022, Ameriprise Financial Services LLC settled this matter by paying the client $125,000.00 in damages.

Boutis Disclosed Sales Practice Allegations By Ameriprise Financial Services LLC Client

Additionally, a client of Ameriprise Financial Services LLC contested Ted Boutis’s sales practices by filing FINRA Arbitration No. 21-01171. Allegedly, Boutis made unsuitable recommendations in C-share mutual funds. As a result, Ameriprise Financial Services LLC opted to settle the matter on May 25, 2022, by compensating the client in the amount of $70,000.00.

Were You Impacted By Securities Broker / Financial Advisor Ted Boutis?

Do you have concerns or questions about your investments with Ted Boutis? If so, contact Soreide Law Group online or at (888) 760-6552 and speak to a securities lawyer about a possible recovery. Soreide Law Group has recovered losses for investors throughout the United States. The law firm also takes cases on a contingency fee basis and advances all costs. Boutis and brokerage firms Boutis worked for deny allegations of sales practice violations.