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Eugene Weinstein: $1mm Investor Complaint Against Plano Advisor
An investor complaint against Ameriprise Financial Services advisor Eugene Weinstein (CRD# 5441968) alleges $1 million in damages. Financial Industry Regulatory Authority records show that the broker and investment advisor is based in Plano, Texas.
Mr. Weinstein’s BrokerCheck report discloses one investor complaint. Filed in February 2022, it alleges that he misrepresented the risks associated with exchange-traded fund index options, resulting in losses. The pending complaint alleges damages of $1 million.
Misrepresentation refers to a broker’s provision of false information regarding an investment or investment strategy. A broker may engage in fraudulent misrepresentation, in which they intentionally provide misleading information in order to deceive the client into purchasing an investment, or they may engage in negligent misrepresentation, in which the misleading information is the product of carelessness. Common forms of misrepresentation include those regarding the risk of an investment, for instance, a broker might portray a highly risky product as safe and conservative. Investors who lose money on investments that were misrepresented may be able to bring a claim against their broker.
According to the Financial Industry Regulatory Authority, Eugene Weinstein holds 14 years of securities industry experience. Based in Plano, Texas, he has been a broker and investment advisor with Ameriprise Financial Services since 2013. His past registrations include Strategic Advisors and Fidelity Brokerage Services in Westlake, Texas, where he was registered from 2008 until 2013. His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Uniform Combined State Law Examination, or Series 66; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Arizona, California, Colorado, Delaware, Florida, Georgia, Kentucky, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Oklahoma, Pennsylvania, Texas, and Washington. (Information current as of June 29, 2022.)
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.