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Bill Munn: Ameriprise Denies RiverSource 200K Complaint

Paramus, New Jersey financial advisor Bill Munn (CRD# 2250062) recently received an investor complaint alleging that his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is currently registered as a broker and an investment advisor with Ameriprise Financial Services.

Mr. Munn’s BrokerCheck report discloses two investor complaints. The most recent, filed in April 2024, alleged that as a representative of Ameriprise Financial Services, he sold a customer and her minor son unsuitable RiverSource Retirement Advantage variable annuity contracts. The complaint alleged damages of $200,000 and was denied by the firm.

An earlier investor complaint, filed in 2018, alleged that as a representative of Ameriprise Financial Services, he provided misleading information regarding an insurance policy. The complaint alleged unspecified damages and was denied by the firm.

Ameriprise Financial Services’ website includes a page describing Munn & Associates, Mr. Munn’s private wealth advisory practice within the firm. “Your financial goals are unique, and we can help you achieve them,” reads a section describing his team’s approach to working with its clients. “With regular reviews of your goals, anytime access to your investments and digital tools to help you stay on track, we can help you feel more confident, connected and always in control of your financial life.”

According to the Financial Industry Regulatory Authority, Bill Munn holds 31 years of securities industry experience. Based in Paramus, New Jersey, he has been a broker and an investment advisor with Ameriprise Financial Services since 1992 and 2002, respectively. He was previously registered with IDS Life Insurance Company and American Express Service Corporation. His credentials include the passage of four securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 47 state licenses. (Information current as of May 31, 2024.)

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.

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