Gary Ginsberg (CRD #: 1175258), a broker and an investment adviser registered with Ameriprise Financial Services, is involved in a client dispute over an alternative investment, according to his BrokerCheck record, accessed on October 28, 2020. Mr. Ginsberg has another pending dispute with a client who alleges that his investment recommendation was unsuitable. These are only the latest disputes that appear on his record — keep reading for more detail.

On September 3, 2020, a client alleged that the member firm did not perform a diligent review and that Gary Ginsberg’s recommendation to invest in an alternative investment was unsuitable. The client is seeking $100,000; the dispute is pending.

On August 8, 2020, a client alleged that Mr. Ginsberg’s purchase of a non-traded Real Estate Investment Trust (REIT) was unsuitable. Non-traded REITs are known to be particular risky investments. The client is seeking $5,000; the dispute is pending.

On May 22, 2019, a client alleged that Gary Ginsberg exposed the principal investment to unwanted risk with unsuitable recommendations. The client sought $151,700; the dispute settled for $12,500.

On January 9, 2012, a client alleged that he instructed Gary Ginsberg to open a beneficiary IRA, but Mr. Ginsberg instead opened a traditional IRA. This allegedly caused an increased tax liability. The client sought $40,000; the dispute settled for $30,000.

On December 7, 2010, Gary Ginsbserg received a civil penalty from the State of New York Insurance Department for $20,600, following allegations that Mr. Ginsberg sold annuity contracts in New York without authorization.

Gary Ginsberg has passed the Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, Series 6 Investment Company Products/Variable Contracts Representative Examination, and the Series 24 General Securities Principal Examination. He has passed the Arizona, California, Connecticut, Delaware, Florida, Georgia, Illinois, Iowa, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New York, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas, Virginia, Wisconsin, and Wyoming.

Gary Ginsberg has worked in the Securities Industry for 37 years. During that time, he has worked for the following firms:

  • Royal Alliance Associates (CRD #: 23131
  • Financial Network Investment (CRD #: 13572)
  • Pennsylvania Securities Company (CRD #: 7667)

If Gary Ginsberg was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys at Fitapelli Kurta. Call (877) 238-4175 or email info@fkesq.com for a free case consultation with a securities attorney.

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