Richard Kubiak: $6mm Complaint Against Ameriprise Advisor

Cheektowaga, New York financial advisor Richard Kubiak (CRD# 2856073) recently received an investor complaint alleging that his advice resulted in seven-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Ameriprise Financial Services.

Mr. Kubiak’s BrokerCheck report discloses one investor complaint. Filed in March 2025, it alleges that as a representative of Ameriprise Financial Services, he recommended unsuitable investments in variable and fixed annuities, insurance products, and “illiquid real estate investments.” The pending complaint alleges damages of $6,075,978.

Ameriprise Financial Services’ website includes a profile of Mr. Kubiak in which he describes the personalized advice he provides his clients. “Whether you’re saving for a major purchase or simply meeting today’s needs, having a sound strategy is key,” he explains. “Through personalized financial advice, investments and solution recommendations, as well as a focus on tracking your progress, I can help you achieve your financial goals and adjust to whatever life brings.”

According to the Financial Industry Regulatory Authority, Richard Kubiak holds 28 years of securities industry experience. Based in Cheektowaga, New York, he has been registered as a broker and an investment advisor with Ameriprise Financial Services since 1997 and 2016, respectively. He was previously registered with IDS Life Insurance Company from 1997 until 2006. His credentials include the passage of three securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the Uniform Combined State Law Examination, or Series 66. He holds 28 state licenses. (Information current as of April 12, 2025.)

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