Stephen Mosley: Terminated “For Compliance Policy Violations”

Stephen MosleyPublicly available records published by the Financial Industry Regulatory Authority (FINRA) on January 16, 2017 indicate that former Arizona-based Ameriprise Financial Services broker/adviser Stephen Mosley has been terminated from his former employer. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Mosley (CRD# 4900781).

Stephen Mosley has spent nine years in the securities industry and was most recently registered with Ameriprise Financial Services in Lake Havasu City, Arizona (2013-2016). Previous registrations include Edward Jones in Lake Havasu City, Arizona; Hartford Equity Sales Company in Henderson, Nevada; NYLife Securities in Okemos, Michigan; and NYLife Securities in Southfield, Michigan. He is currently not registered with any state or firm.

According to his BrokerCheck report, Stephen Mosley has been discharged from one former employer.

In November 2016 Stephen Mosley was terminated from Ameriprise Financial Services “for compliance policy violations related to complying with disciplinary action and heightened supervision, soliciting a prohibited security and suitability of a transaction.”

“Private securities transactions” refers to the purchase, solicitation, or sale by a broker of securities not offered by his/her member firm. Such transactions are typically also not included in the firm’s official records. Both FINRA rules and federal securities law forbid selling away: Perhaps the most important regulatory codification with respect to selling away is FINRA Rule 3040, which states that “No person associated with a member shall participate in any manner in a private securities transaction” unless the transaction complies with numerous terms, including written authorization from the member firm. Investment professionals who engage in selling away may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.

If you or someone you know has complaints regarding Stephen Mosley, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.