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Nick Stamatis Involved in a Structured CD Dispute

Nick Stamatis (CRD #: 4907890), a broker registered with Ameriprise Financial Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on June 20, 2024. Details concerning this dispute are provided below. 

Investor Allegations 

On April 17, 2024, an investor alleged that Nick Stamatis informed him that the NQ Structured Certificates of Deposits, which were purchased in April 2022 and May 2022, would be principal protected and would earn a rate of 5% until maturity. The investor is seeking $80,000. 

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2020 also violate FINRA Rule 2010. 

Background Information 

Nick Stamatis 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 42 states and D.C. He is a registered investment adviser in Tennessee and Texas. 

During his 19 years of experience, he has registered with two firms: Ameriprise Financial Services (CRD #: 6363) and IDS Life Insurance Company (CRD #: 6321). 

Kurta Law Can Help 

If you have worked with Nick Stamatis and 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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