Articles Tagged with Selden Companies

This month, federal prosecutors alleged that Mark Sellers, former owner and operator of Selden Companies, ran a fraudulent ponzi scheme that affected over 100 investors in the Kansas City, Missouri area. Sellers allegedly took over $9.9 million from investors, out of which, $7.4 million was used to pay off credit cards, $700,000 was used to purchase jewelry and $930,000 was used to remodel Sellers’ home. Sellers has since committed suicide. Investments in Selden Companies were allegedly being sold by financial advisor John Scott Elliott. Elliott was previously registered with Ameriprise Financial Advisors in Leawood and Overland Park, Kansas from November 2011 until September 2016. Recommendations and sales of Selden Companies were not suitable for investors, and because Ameriprise failed to reasonably supervise Mr. Elliott, and allowed him to sell the securities, the firm may be responsible for financial losses. If you or someone you know suffered losses with John Scott Elliott and Ameriprise, please call our Chicago-based law offices today to find out how you can recover those losses by suing Ameriprise. We take cases on a contingency fee basis only, so you only pay us if we recover money for you. The call is free. 312-332-4200.

In today’s Kansas City Star, we discuss the suicide of Mark Sellers and the impact on investors who invested in Selden Companies.  The entire article can be viewed at the link below.  Multiple legal options exist for investors who wish to recover these losses on a contingency fee basis whether they were recommended by John S. Elliot or Mark Sellers.  Please call our law firm at312.332.4200 for a no cost review by an attorney.

http://www.kansascity.com/news/local/article93639102.html

We’ve been asked by clients in the last few weeks how long a FINRA arbitration claim will take for recovering investment losses in Selden Companies recommended by John Scott Elliot.  We have written on the Selden Companies investment in the past https://blog.stoltmannlaw.com/selden-companies-llc-recover-investment-losses/.  Usually FINRA arbitration claims against Ameriprise take approximately 8 to 12 months.  If a client is elderly, or retired, they can apply for “fast track” status at FINRA.  Those cases can take as little as 6 months to resolve.  If you invested in Selden Companies with John Scott Elliot, please call our investment fraud law firm in Chicago, Illinois for a no cost legal review by an attorney to see how Ameriprise can be held responsible for these losses.

We’ve been asked by clients in the last few weeks how long a FINRA arbitration claim will take for recovering investment losses in Selden Companies recommended by John Scott Elliot.  We have written on the Selden Companies investment in the past (see here for more information).  Usually FINRA arbitration claims against Ameriprise take approximately 8 to 12 months.  If a client is elderly, or retired, they can apply for “fast track” status at FINRA.  Those cases can take as little as 6 months to resolve.  If you invested in Selden Companies with John Scott Elliot, please call our investment fraud law firm in Chicago, Illinois for a no cost legal review by an attorney to see how Ameriprise can be held responsible for these losses.

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