John Dovidio Involved in a Securities-Backed Line of Credit Dispute

John Dovidio (CRD #: 2772614), a broker registered with Ameriprise Financial Services, is the subject of an investor dispute. This dispute appears on his BrokerCheck record, accessed on January 5, 2023. Keep reading if you have questions regarding his alleged conduct. 

On October 31, 2023, an investor alleged that John Dovidio did not advise of the risks associated with a securities collateralized line of credit. Securities-backed lines of credit may tout low interest rates, but investors should be informed of their high risk for losses during periods of market volatility. 

The dispute was denied, but investors should know that firms can deny disputes without any external review. Our securities attorneys can still recover losses following a denial via FINRA arbitration. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s risk profile. Investments that do not account for an investor’s risk tolerance may be unsuitable. 

Background Information 

John Dividio has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination
• Series 24 General Securities Principal Examination 

He has registered with 14 states and D.C. He is a registered investment advisor in New Jersey. 

In his 27 years of experience, John Dividio has registered with four firms:  

• Ameriprise Financial Services (CRD #: 6363) 
• Wells Fargo Clearing Services (CRD #: 19616) 
• Dean Witter Reynolds (CRD #: 7556) 
• Avatar Financial Group (CRD #: 39374) 

Kurta Law Can Help 

If you have worked with John Dividio and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.