Artie Grossman: $101K Complaint Against Ameriprise Advisor

Jupiter, Florida financial advisor Artie Grossman (CRD# 1020971) has been involved in multiple investor complaints alleging his conduct resulted in six-figure damages. Records provided by the Financial Industry Regulatory Authority show that he is currently a broker and an investment advisor with Ameriprise Financial Services, having previously been registered with Royal Alliance Associates.

Mr. Grossman’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in March 2023, alleges that as a representative of Royal Alliance Associates, he recommended an unsuitable investment in a business development corporation. The pending complaint alleges damages of $101,001.

A second investor complaint, filed in 2021, alleges that as a representative of Royal Alliance Associates, he recommended an unsuitable private placement. The complaint reached a settlement of $25,000.

A third investor complaint, filed in 2020, similarly alleged that he recommended unsuitable private placement investments while at Royal Alliance Associates. The complaint reached a settlement of $65,000.

According to the Financial Industry Regulatory Authority, Artie Grossman holds 41 years of securities industry experience. Based in Jupiter, Florida, he has been a broker and an investment advisor with Ameriprise Financial Associates since 2020. He is also registered with the firm’s offices in Denver, Colorado; Bethlehem, Pennsylvania; and West Orange, New Jersey. His registration history includes Royal Alliance Associates (West Orange, New Jersey; 1992-2020), New Century Financial Group (Princeton, New Jersey; 2002-2004), Financial Network Investment Corporation (El Segundo, California; 1989-1992), and Pennsylvania Securities Company (1982-1989). His credentials include the passage of eight securities industry qualifying exams: the Investment Company Products/Variable Contracts Principal Examination, or Series 26; the General Securities Principal Examination, or Series 24; the Municipal Fund Securities Principal Examination, or Series 51; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He currently holds 55 state licenses. (Information current as of April 17, 2023.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.