Douglas Gildenmeister (CRD#: 801713), a registered representative with Ameriprise Financial Services in Bellevue, Ohio, Inc., has been terminated from Raymond James & Associates for engaging in “unauthorized trading by taking discretion in non-discretionary accounts and taking trading instructions from an unauthorized individual” according to his BrokerCheck record accessed on December 19, 2019.
On May 10, 1995, Douglas Gildenmeister became involved in a customer dispute over trading on margin. A client alleged that Douglas Gildenmeister engaged in excessive trading and that option and margin account trading was unsuitable. Margin involves borrowing money from a broker to buy a stock while using your investment as collateral if you are unable to pay back the borrowed money. If a stock price decreases, you may be exposing yourself to significant losses, and you will still be responsible for paying back your broker (with interest).
Over his 45-year career in the securities industry, in addition to his current position at Ameriprise Financial Services, Douglas Gildenmeister has worked for five other brokerage firms. He has also worked for the following broker-dealers:
- Raymond James & Associates, Inc. (CRD#: 705) in Bellevue, Ohio
- Wachovia Securities, LLC (CRD#: 19616) in St. Louis, Missouri
- Advest, Inc. (CRD#: 10) in Hartford, Connecticut – SEC registration status terminated on October 3, 2006
- Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#: 7691)
- Merrill Lynch, Pierce, Fenner & Smith, Inc. (CRD#: 572)
Douglas Gildenmeister is licensed to sell securities in Kansas, New York, Michigan, and Ohio. He has passed the Series 8, Series 65, and Series 63 exams. He also passed the Security Industry Essentials Examination, the Series 5 – Interest Rate Options Examination, the PC – AMEX Put and Call Exam, as well as the Series 7 – General S Securities Representative Examination.
If Douglas Gildenmeister was your broker and you have concerns about your investments, don’t hesitate to contact a securities attorney. Call (877) 238-4175 or email firstname.lastname@example.org for your free case consultation with the securities attorneys of Fitapelli Kurta.