Bixby Law PLLC, a Pensacola, FL based law firm handling securities and investment fraud cases is currently investigating potential claims involving Ameriprise Financials, Christopher John Jacobi.
In June 2024, a Customer Dispute was reported on Jacobi’s FINRA Brokercheck report alleging that Jacobi provided “poor and speculative” advice resulting in losses. The customer sought damages in excess of $150,000.
Bixby Law PLLC is investigating allegations that Jacobi recommended speculative stocks like Ebix Inc., including allegations that Jacobi recommended significant concentrations in Ebix. Ebix was a software and e-commerce services supplier. In December 2023, Ebix filed for bankruptcy in the midst of fallout from auditing questions as reported by the Wall Street Journal. Ebix’s stock price has cratered losing nearly 100% of its value in the past several years.
Brokers and Financial Advisors owe legal obligations under securities industry rules and regulations, including the rules of the Financial Industry Regulatory Authority (FINRA) and the Securities & Exchange Commission (SEC). Recommendations in concentrated holdings or risky positions that are inappropriate, unsuitable, or not in the best interest of the customer may be violations of the rules and regulations, and investors who have suffered losses due to inappropriate recommendations may be entitled to file a claim to recover their losses.
Investors who have suffered losses with Ameriprise and Christopher John Jacobi are encouraged to reach out to Bixby Law PLLC and attorney Michael Bixby for a free and confidential consultation. Bixby Law PLLC is located at 4300 Bayou Blvd., Suite 16, Pensacola, FL 32503 and Attorney Michael Bixby may be reached by phone at (850) 332-6945 or via email at Michael@BixbyLawFirm.com. Bixby Law PLLC represents investors on a contingency fee basis. This means upfront costs are not charged and clients will only pay Bixby Law PLLC’s attorney’s fees and costs incurred out of the funds recovered on their behalf.