NFL Running Back Darren McFadden Sues Ameriprise For Fraud

Posted on June 13th, 2017 at 2:59 PM
NFL Running Back Darren McFadden Sues Ameriprise For Fraud

From the Desk of Jim Eccleston at Eccleston Law LLC:

Current Dallas Cowboy running back, Darren McFadden, who sued his former advisor, Michael E. Vick, last June for misappropriating $15 million, has decided to sue the advisor’s firm, Ameriprise Financial. 

In Mr. McFadden’s complaint, he alleges that Ameriprise was negligent in supervising Mr. Vick and failed to notify him of the advisor’s compliance issues. Moreover, according to Mr. McFadden, Ameriprise never informed him that it was investigating Mr. Vick in 2010 regarding suspicious and unauthorized trades in McFadden’s account. Ameriprise also failed to inform Mr. McFadden that Mr. Vick was suspended from the firm as a result of the investigation.

Ameriprise and Mr. Vick, who is not related to the NFL quarterback with the same name, have denied all wrongdoing.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial advisors including Broker Litigation & Arbitration, Strategic Consulting Services, Regulatory  Matters, Transition Contract Review, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: Jim Eccleston, Eccleston Law, Eccleston Law LLC, Eccleston, NFL

Return to Archive

TESTIMONIALS

Previous
Next

 


It was really fun seeing you fight for us. You have an amazing way of thinking out of the box.


 

Beth M.

LATEST NEWS AND ARTICLES

April 23, 2024
Surge Predicted in Regulation Best Interest Cases

According to a recent analysis, Reg BI-related actions quickly have ascended to the top five issues for FINRA, with fines totaling $6 million in 2023.

April 22, 2024
FINRA Fines Independent Broker-Dealers Over Cybersecurity Lapses

The Financial Industry Regulatory Authority (FINRA) has imposed fines and censured independent broker-dealers Osaic Wealth and Securities America for cybersecurity deficiencies that led to hackers accessing the private information of more than 32,000 customers.

April 19, 2024
WealthFeed Raises Funds for AI-Driven Lead Generation Tool

WealthFeed leverages proprietary AI technology to collect nine real-time financial data points, including business sales, capital raises, inheritances, and job changes.