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Eric Perschke Facing Allegations of Excessive Fees

Eric Perschke (CRD #: 4666899), a broker registered with Ameriprise Financial Services, is the subject of an investor dispute, according to his BrokerCheck record, accessed on August 10, 2023. Details of the dispute are provided below. 

On July 6, 2023, an investor alleged that Eric Perschke did not follow her dividend reinvestment instructions, charged excessive fees, made poor investment recommendations, and did not follow her stock purchase instructions between 2009 and 2023. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failure to follow instructions violates FINRA Rule 2010. 

FINRA Rule 2111 – Excessive Fees 

FINRA Rule 2111 requires brokers to recommend investments that suit their investor’s needs. They must take several factors into consideration, including their investor’s age, risk tolerance, and financial goals. Investments may also be unsuitable because they come with excessive fees, which unfairly take away from investor returns. 

Background Information 

Eric Perschke has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in 14 states and D.C. He is also a registered investment adviser in D.C., Maryland, and Texas. 

Eric Perschke has registered with the following firms: 

  • Ameriprise Financial Services (CRD #: 6363) 
  • IDS Life Insurance Company (CRD #: 6321) 

Kurta Law Can Help

If you worked with Eric Perschke and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.

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