Tagged with "Ameriprise"

FINRA Bars Former Ameriprise Advisor Who “Falsified” Client Event Expenses

Posted on May 2nd, 2022 at 2:36 PM
FINRA Bars Former Ameriprise Advisor Who “Falsified” Client Event Expenses

The Financial Industry Regulatory Authority (FINRA) has barred a former Ameriprise advisor who allegedly falsified $25,000 in reimbursement requests submitted to the firm for client events that she sponsored through wholesaler contributions.

 
 
 

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Supreme Court Rules in Favor of Former Ameriprise Advisor

Posted on April 8th, 2022 at 12:09 PM
Supreme Court Rules in Favor of Former Ameriprise Advisor

The U.S. Supreme Court has ruled in favor of a former Ameriprise Financial advisor in a landmark decision that could provide advisors with more leeway when disputing arbitration awards.

 
 

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Edward Jones’ Effort to Restrain Ameriprise Advisor Results in $762k Arbitration Loss

Posted on November 12th, 2021 at 1:43 PM
Edward Jones’ Effort to Restrain Ameriprise Advisor Results in $762k Arbitration Loss

Edward D. Jones & Co.’s bid to restrict a former advisor from bringing his clients to his new firm has resulted in a substantial arbitration loss.

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FINRA Suspends Former Ameriprise Financial Advisor

Posted on January 11th, 2021 at 4:01 PM
FINRA Suspends Former Ameriprise Financial Advisor

Former Ameriprise Financial advisor Angel W. Bardeche agreed to pay $15,000 and serve a nine-month suspension from association with any FINRA member firm in any capacity to settle a FINRA Enforcement action.

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Another Advisor Barred for Failure to Cooperate with FINRA Investigation

Posted on October 22nd, 2020 at 3:49 PM
Another Advisor Barred for Failure to Cooperate with FINRA Investigation

Sean Michael Refsnider, a former registered representative at Ameriprise, has agreed to a bar from association in all capacities with any FINRA member.

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Regional Firms Are Becoming More Attractive as Wirehouses Lose Competitive Edge

Posted on April 1st, 2019 at 11:56 AM
Regional Firms Are Becoming More Attractive as Wirehouses Lose Competitive Edge

Recently, regional firms such as Raymond James, Stifel, Ameriprise, and Janney Montgomery Scott have become a favored destination for many successful wirehouse advisors who have transitioned away from the wirehouses.

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Whose clients are they? Edward Jones sues $150M Ameriprise advisors

Posted on November 14th, 2018 at 5:10 PM
Whose clients are they? Edward Jones sues $150M Ameriprise advisors

Edward Jones is suing two advisors who moved to Ameriprise for allegedly violating non-solicitation agreements, making this the latest case of a brokerage firm taking its former employees to court over client contacts.

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Allstate Sues Ameriprise for Allegedly Stealing Confidential Information through Recruitment

Posted on September 14th, 2017 at 11:30 AM
Allstate Sues Ameriprise for Allegedly Stealing Confidential Information through Recruitment

Allstate Insurance Co. has filed a lawsuit in the U.S. District Court for the Northern District of Illinois against Ameriprise for violations of the Defend Trade Secrets Act, tortious interference with business relationships and unfair competition.

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Ameriprise Seeks to Quicken Collection Proceedings on Promissory Notes

Posted on July 3rd, 2017 at 10:02 AM
Ameriprise Seeks to Quicken Collection Proceedings on Promissory Notes

Brokerage firms continually attempt to modify their forgivable loan agreements in order to gain an advantage over reps who elect not to pay their promissory note balances when they leave the firm.

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Three Advisers in Hot Water with the CFP Board

Posted on November 9th, 2016 at 9:51 AM
     Three Advisers in Hot Water with the CFP Board

The CFP Board found that adviser Charles Zsarnay of Toledo, Ohio,allegedly copied certain individual drivers’ licenses in violation of Ohio law and failed to promptly disclose to his firm that he had been charged with a felony. 

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