Public records published by the Financial Industry Regulatory Authority (FINRA) on May 1, 2017 indicate that former Ohio-based Ameriprise Financial Services broker Peter Butler has been sanctioned by FINRA and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Butler (CRD# 1942182).
Peter Butler has spent 27 years in the securities industry and was most recently registered with Ameriprise Financial Services in Independence and Cambridge, Ohio (2010-2017). Previous registrations include Signator Investors in Independence, Ohio; Metlife Securities in Broadview Heights, Ohio; Metropolitan Life Insurance Company in Broadview Heights, Ohio; New England Securities in New York, New York; Pruco Securities Corporation in Newark, New Jersey; and the Prudential Life Insurance Company of America in Newark, New Jersey (1989-1993). He has passed seven securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); Series 6 (Investment Company Products/Variable Contracts Representative Examination); Series 10 (General Securities Sales Supervisor – General Module Examination); Series 9 (General Securities Sales Supervisor – Options Module Examination); and Series 26 (Investment Company Products/Variable Contracts Principal Examination). He is currently not registered with any state or firm.
According to his BrokerCheck report, Peter Butler has been sanctioned by FINRA and received two customer complaints.
In January 2017, he was “permitted to resign” from his position at Ameriprise Financial Services “while on suspension pending termination for violation of company policy related to selling away and disclosure of an outside activity.”
In 2016 FINRA sanctioned him following allegations he “failed to reasonably supervise a registered representative from his member firm who was employed as a sales associate and office manager (the office manager)” and that “Because of his lack of adequate supervision, Butler failed to detect and prevent the office manager from converting money from a business organization belonging to Butler.” He was issued a four-month suspension and a fine of $15,000.
In 2014, a customer alleged Peter Butler, while employed at Ameriprise Financial Services, failed to follow instructions. The complaint, in which the firm found no evidence of Mr. Butler’s involvement, settled for more than $172,900.
If you or someone you know has lost money investing with Peter Butler, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.