Robert Korzik, formerly with Ameriprise Financial Services, Suspended Nine Months by FINRA
Have you lost money with financial advisor Robert Korzik? We are looking into allegations made about Robert N. Korzik from Little Falls, New Jersey. FINRA (the Financial Industry Regulatory Authority) suspended Korzik from the securities industry for nine months and fined him $8,500. FINRA alleged that Korzik engaged in undisclosed private securities transactions without disclosing such to his brokerage firm, Ameriprise Financial Services. In particular, he solicited three investors to invest in an energy company, and it was alleged that information forwarded to investors was misleading and contained exaggerated representations.
Robert Korzik was a financial advisor and registered representative of Ameriprise Financial Services from October 2011 to October 2017. He worked in branch offices in Little Falls, New Jersey. Korzik was also terminated by Ameriprise Financial Services regarding these allegations.
Brokerage firms like Ameriprise Financial Services have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan;. We represent investors in FINRA arbitration proceedings in all 50 states, including New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Ameriprise Financial Services.