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Broker David Gershoni Investigated

Former Ameriprise Financial Services Broker Subject of Multiple Customer Complaints 

David Philip Gershoni (CRD#: 2138675) was recently discharged from his employment with Ameriprise Financial Services, LLC after allegations that he violated company policies. Prior to his termination, Gershoni was the subject of multiple customer disputes involving unsuitable investment recommendations. Investors harmed by alleged stockbroker misconduct such as unsuitability are strongly encouraged to contact an attorney. 

At Meyer Wilson, we represent investors who have sustained losses due to broker negligence, fraud, or wrongdoing. We have handled over 1,000 investor claims securing hundreds of millions of dollars on behalf of our clients. If you or a loved one suffered losses after investing with David Gershoni or another broker, contact our office at (800) 738-1960 for a free consultation. 

Allegations Resulting in Employment Separation

According to publicly available information, David Philip Gershoni was terminated from his position as a registered representative of Ameriprise Financial Services, LLC after violating company policy. His BrokerCheck report indicates that he was discharged for violations related to financial planning fees and solicitation of securities, including equity listed (common & preferred stock) and Exchange Traded Funds (EFTs). 

Until his termination, Gershoni had worked for Ameriprise for nearly 30 years. Throughout his employment with Ameriprise, he had been the subject of several customer disputes. Several of the complaints resulted in settlements for the customers. He is currently listed as a registered broker with Aegis Capital Corp. of Westport, Connecticut.

Customer Disputes Against Gershoni

While employed as a registered representative of Ameriprise Financial Services, at least four customers filed disputes against David Gershoni. Three of the disputes were settled. The first customer dispute was filed in January 2002 and alleged that advisors with the firm made unsuitable recommendations

The second dispute was filed in March of the same year. Clients allege that the firm and its advisors were responsible for over $840,000 in market losses. 

A third dispute was filed in June 2002 alleging similar misconduct, including that Gershoni made unsuitable recommendations in the technology sector despite customer concerns about conserving wealth. The customers reported losses of $1.42 million. 

Did You Invest with David Gershoni?

If you invested with broker David Gershoni and suffered losses, contact our office at (800) 738-1960 for a free, no-obligation consultation. All investor claim evaluations are confidential and without obligation to retain our services. Let us help you try to recover losses related to broker misconduct or investment fraud. Call now to get started.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

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