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Jay Woerdeman Involved in a RiverSource Variable Annuity Dispute

Jay Woerdeman (CRD #: 1220689), a broker registered with Ameriprise Financial Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on September 17, 2024. Details concerning this dispute are provided below. 

Investor Allegations 

On August 8, 2024, an investor alleged that Jay Woerdeman engaged in negligence when making a requested premium payment to a RiverSource Variable Annuity policy resulting in the policy lapsing and the subsequent request being denied. The investor is seeking $150,000. 

On July 17, 2024, an investor alleged that Jay Woerdeman misrepresented a RiverSource RAVA 5 Advantage variable annuity. The dispute was denied by the firm, but investors should know that they can still recover losses following a denial. 

Background Information 

Jay Woerdeman has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered broker in 30 states and is a registered investment adviser in Texas. 

During his 40 years of experience, Jay Woerdeman has registered with three firms: 

  • Ameriprise Financial Services (CRD #: 6363)
  • IDS Life Insurance Company (CRD #: 6321) 
  • IDS Financial Services (CRD #: 6320) 

Kurta Law Can Help 

If you worked with Jay Woerdeman and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.

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