TJ Spizzo Allegedly Failed to Follow Client’s Instructions

TJ Spizzo (CRD #: 2936291), a broker registered with Ameriprise Financial Services, allegedly failed to follow an investor’s instructions, according to his BrokerCheck record, accessed on February 8, 2023. Keep reading to learn more about his alleged conduct as a broker.

Investor Dispute

On September 28, 2022, an individual with power of attorney over a client alleged that TJ Spizzo failed to follow instructions to move the full value of the client’s Delaware Life variable annuity from its account to a fixed account in January 2022. This dispute was denied by the firm.

However, investors should know that firms don’t need to permit an external review before denying a dispute. Investors may be able to recover their funds by seeking out 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.

What are variable annuities?

Variable annuities are complex investments. These policies can decline in value depending on the performance of the underlying security. Surrender charges, tax penalties, and other fees can make these policies unsuitable.

Background Information

TJ Spizzo 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 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

TJ Spizzo is a registered broker in 33 states and the District of Columbia. He is also a registered investment adviser in New Jersey and Texas.

He has also worked for the following firms:

• Securities America (CRD#:10205)
• Banc of America Investment Services (CRD#:16361)
• Quick & Reilly (CRD#:11217)
• Summit Financial Services Group (CRD#:7246)
• Park Avenue Securities (CRD#:46173)
• Guardian Investor Services (CRD#:6635)

Kurta Law Can Help

If you worked with TJ Spizzo 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.