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Investor Alleges Norm Lemus Failed to Follow Instructions

Dec 9, 2022 Investor Disputes

Norm Lemus (CRD #: 5524913), a broker registered with Ameriprise Financial Services, was recently involved in a dispute, according to his BrokerCheck record, accessed on December 5, 2022. Read on if you want to learn more about his alleged conduct as a broker.

Investor Dispute

On September 26, 2022, an investor filed a dispute alleging Norm Lemus failed to follow his instructions on April 14, 2022, to exit the market and fully invest in cash and gold. This dispute was denied by the firm.

However, investors should be aware that firms don’t need to allow an external review before denying disputes. Investors can potentially recover their losses by pursuing FINRA arbitration after a denial.

FINRA Rule 2010

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

Background Information

Norm Lemus has passed the following exams:

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

Norm Lemus is a registered broker in 26 states and a registered investment adviser in California and Texas.

He has also worked for UBS Financial Services (CRD#:8174) and Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691).

Kurta Law Can Help

If you worked with Norm Lemus and you have concerns about your investments, please contact us today at 877-600-0098 or 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.