INVESTORS: Ameriprise Financial Services broker Jason Leonard Garofalo was named in a customer dispute alleging that he recommended unsuitable investment positions including Inventrust and Hospitality Investor’s Trust REITs.
Jason Leonard Garofalo (CRD#:3008935) is registered as a broker and investment adviser with Ameriprise Financial Services, where he has been employed since 2015. Previously, Garofalo was registered as a broker with Tricor Financial from 2007 until 2015.
Garofalo has three disclosures on his BrokerCheck report.
November 2021 Customer Dispute
Allegations: Claimant alleges that she was recommended unsuitable investment positions including Inventrust and Hospitality Investor’s Trust REITs.
Damage Amount Requested: $150,000.00
September 2012 Customer Dispute
Status: Award / Judgment
Allegations: Unsuitable investments; negligence; misrepresentations and omissions; violations of the Nevada Securities Act and Regulations thereunder; violations of the FINRA Conduct Rules and NYSE Rules; breach of fiduciary duty/constructive fraud; breach of contract
Damage Amount Requested: $668,000.00
Broker Comment: “The Claimant purchased non-traded REITs multiple times and completed extensive risk disclosure and acknowledgements before each purchase. The panel ordered tricor to pay approximately 26% of requested damages of $688,000. Mr. Garofalo was not named as a respondent.
April 2012 Financial Event
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