If you have suffered losses, believe funds are missing from your account, or had funds stolen while with Ameritas Investment Corp., please call the Law Offices of Jeffrey Pederson at 1-866-817-0201 for a free consultation with an attorney.
We are currently investigating losses and missing funds of Ameritas investors due to inadequate supervision of Ameritas brokers. Ameritas recently submitted an AWC, a settlement with regulators, in which the firm was censured and fined $50,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to adequately monitor and otherwise supervise a registered representative’s activities. The findings stated that the firm did not detect that the representative changed a customer’s address of record to the address of the representative’s branch office, and then requested disbursements from the customer’s account to the new address of record. The customer did not authorize either the address change or the disbursement of funds. As a result, the firm sent funds from the customer’s account to the branch office, where the representative misappropriated the money. The firm’s supervisory systems and procedures at the time were not sufficient to adequately monitor its representative’s requests to change the customer’s address of record without her knowledge and to disburse funds to her new address.