George Vilfordi (CRD #: 704800), a broker and an investment adviser registered with Ameriprise Financial Services LLC, is facing an investor allegation regarding an unsuitable investment recommendation, according to his BrokerCheck record, accessed on August 25, 2020.
On July 21, 2020, an investor alleged that George Vilfordi misrepresented the volatility of a certain security, making it an unsuitable investment. The client is seeking approximately $501,700; the dispute is pending.
FINRA requires brokers to make suitable investment recommendations to their clients. Suitable investments take into account the investor’s age, financial needs, and risk tolerance, among other factors. If you want to know more, you can reference FINRA Rule 2111.
George Vilfordi has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 31 Futures Managed Funds Examination, and the Series 7 General Securities Representative Examination. He is a registered broker in California, Colorado, Florida, Idaho, Minnesota, Nevada, New Jersey, New Mexico, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Vermont, Virginia, Washington, and Wisconsin.
During his 40 years in the securities industry, George Vilfordi has worked at the following firms:
- UBS Financial Services, Inc. (CRD #: 8174)
- Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD #: 7691)
If George Vilfordi 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 email@example.com for your free case consultation with a securities attorney.