Articles Tagged with Ameriprise Financial Services

Published on:

John TaoPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on September 6, 2018 indicate that Florida-based Ameriprise Financial Services broker/adviser John Tao has received a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Tao (CRD# 2505955).

John Tao has spent 17 years in the securities industry and has been registered with Ameriprise Financial Services in Plantation, Florida since 2002. Previous registrations include IDS Life Insurance Company in Minneapolis, Minnesota (2002-2006) and Baraban Securities in Los Angeles, California (1995). He has passed three securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on August 13, 2002; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on January 6, 1995; and Series 7 (General Securities Representative Examination), which he obtained on August 2, 2002. He is a registered broker and investment adviser with seven US states: California, Florida, Hawaii, Illinois, Maryland, North Carolina, and Pennsylvania.

According to his BrokerCheck report, he has received one pending customer complaint and one denied customer complaint.

Published on:

Ameriprise Financial ServicesThe Securities and Exchange Commission (SEC) has issued a civil penalty of $4.5 million against Ameriprise Financial Services as part of a settlement order concerning the company’s alleged failure to prevent the theft of more than $1 million in customer funds by several of its brokers.

According to the SEC’s order, the matter concerns activities that took place between 2011 and 2014, a period during which Ameriprise allegedly failed “to adopt and implement policies and procedures reasonably designed to safeguard retail investor assets against misappropriation by the firm’s representatives.” Though the firm maintained automated systems that were designed to prevent and detect misappropriation, one such system “did not function properly and a second faced limitations” during that period, preventing the company from identifying the misappropriation by five representatives of more than $1 million in client funds.

The first system, according to the SEC, was known as the Fraud Early Detection System. Its functions included the identification of “situations where a representative attempted to change the address associated with a client’s account” to one under the representative’s control—an activity considered to be “suspicious” and potentially indicating inappropriate activity. The SEC’s order states that a “technical error” in the system was not detected until late 2013, and consequently the system “did not function properly,” namely by failing to identify instances of inappropriate address changes. As such, one Ameriprise representative “was able to perpetrate a fraud” on two retail clients without the firm’s awareness.

Published on:

Alan Holt

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on August 15, 2018 indicate that California-based Ameriprise Financial Services broker/adviser Alan Holt has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Holt (CRD# 1497129).

Alan Holt has spent 32 years in the securities industry and has been registered with Ameriprise Financial Services in San Diego, California since 2009. Previous registrations include Ameriprise Financial Services in San Diego, California (2009); Citigroup Global Markets in Carlsbad, California (2002-2009); and Morgan Stanley DW in Purchase, New York (1986-2002). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on January 20, 2006; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on May 30, 1986; Series 3 (National Commodity Futures Examination), which he obtained on March 16, 1989; and Series 7 (General Securities Representative Examination), which he obtained on May 17, 1986. He is a registered broker and investment adviser with eleven US states and territories: Arizona, California, Colorado, Hawaii, Illinois, Minnesota, Missouri, Nevada, Texas, Utah, and Washington.

According to his BrokerCheck report, he has received one customer complaint, one pending customer complaint, and two denied customer complaints.

Published on:

Michael PepePublic records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on July 24, 2018 indicate that Florida-based Ameriprise Financial Services broker/adviser Michael Pepe has received a new pending customer complaint. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Pepe (CRD# 1172861).

Michael Pepe has spent 3 years in the securities industry and has been registered with Ameriprise Financial Services in Tampa, Florida since 2015. Previous registrations include JHS Capital Advisors in Tampa, Florida (2010-2015); Gunnallen Financial in Tampa, Florida (2007-2010); UBS Financial Services in Tampa, Florida (1994-2007); Smith Barney in New York, New York (1990-1994); and JB Hanauer & Company in Parsippany, New Jersey (1983-1990). He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on December 29, 2016; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on June 1, 1984; and Series 7 (General Securities Representative Examination), which he obtained on September 17, 1983. He is a registered broker and investment adviser with ten US states and territories: Arizona, Colorado, Florida, Georgia, Kentucky, New York, North Carolina, Oregon, South Carolina, and Washington.

According to his BrokerCheck report, he has received three customer complaints, one pending customer complaint, and two customer complaints that were closed or denied.

Published on:

Brian HusseyPublic records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on June 13, 2018 indicate that former Florida-based Ameriprise Financial Services broker/adviser Brian Hussey has been sanctioned by FINRA in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Hussey (CRD# 4640067).

Brian Hussey has spent ten years in the securities industry and was most recently registered with Ameriprise Financial Services in Tampa, Florida (2008-2018). He has no previous registrations. He has passed two securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on May 15, 2008, and Series 7 (General Securities Representative Examination), which he obtained on February 15, 2008. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one customer complaint and one FINRA sanction.

Published on:

James KujawskiPublic records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on June 5, 2018 indicate that former Maryland-based Ameriprise Financial Services broker/adviser James Kujawski, who has received resolved or pending customer disputes, was recently named in a FINRA investigation into alleged rule violations. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Kujawski (CRD# 2075543).

James Kujawski has spent 27 years in the securities industry and has been registered with Ameriprise Financial Services in Annapolis, Maryland since March 2018. Previous registrations include UBS Financial Services in Annapolis, Maryland (2009-2018); Morgan Stanley & Company in Annapolis, Maryland (2007-2009); Morgan Stanley & DW in Annapolis, Maryland (1999-2007); Prudential Securities in New York, New York (1997-1999); Smith Barney in New York, New York (1993-1997); and Lehman Brothers in New York, New York (1990-1993). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on May 7, 1992; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on September 21, 1990; Series 31 (Futures Managed Funds Examination), which he obtained on February 29, 2000; and Series 7 (General Securities Representative Examination), which he obtained on August 31, 1990. He is a registered broker and investment adviser in Maryland and the District of Columbia.

According to his BrokerCheck report, he has received four customer complaints and one pending customer complaint, and he was recently named in a FINRA investigation into alleged rule violations.

Published on:

Tom ParksPublic records published by the Financial Industry Regulatory Authority (FINRA) on May 7, 2018 indicate that former Texas-based Ameriprise Financial Services broker/adviser Tom Parks has been involved in resolved or pending customer disputes and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Parks (CRD# 1558909).

Tom Parks has spent 29 years in the securities industry and was most recently registered with Ameriprise Financial Services in Stephenville, Texas (1993-2016). Previous registrations include IDS Life Insurance Company in Minneapolis, Minnesota (1999-2006); American Express Services Corporation in Minneapolis, Minnesota (1994); InterSecurities in St. Petersburg, Florida (1992-1993); Signal Securities in Fort Worth, Texas (1990-1992); and IFP in Dallas, Texas (1987-1990). he has passed four securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on April 3, 1987; Series 7 (General Securities Representative Examination), which he obtained on February 21, 1987; Series 3 (National Commodity Futures Examination), which he obtained on August 25, 1986; and Series 24 (General Securities Principal Examination), which he obtained on January 15, 2001. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received 19 customer complaints and two pending customer complaints.

Published on:

Mark SachsePublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on April 20, 2018 indicate that former Kansas-based Ameriprise Financial Services broker/adviser Mark Sachse, who has received a pending customer dispute, was discharged from his former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Sachse (CRD# 5155260).

Mark Sachse has spent eleven years in the securities industry and was most recently registered with Ameriprise Financial Services in Overland Park, Kansas (2010-2018). He was previously registered with Robert W. Baird & Company in Kansas City, Missouri (2006-2010). He has passed two securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on August 25, 2008, and Series 7 (General Securities Representative Examination), which he obtained on July 28, 2006. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one pending customer complaint and one unsatisfied tax lien, and he was discharged from his former employer in connection to alleged rule violations.

Published on:

James Pettit

Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on April 16, 2018 indicate that former Connecticut-based Ameriprise Financial Services broker/adviser James Pettit has been sanctioned by FINRA in connection to alleged rule violations and barred from acting as a broker or otherwise associating with a broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Pettit (CRD# 733916).

James Pettit has spent 34 years in the securities industry and was most recently registered with Ameriprise Financial Services in Suffield, Connecticut (2015-2016). Previous registrations include Janney Montgomery Scott in Glastonbury, Connecticut (2007-2014); Merrill Lynch in West Hartford, Connecticut (2006-2007); Advest in Hartford, Connecticut (2001-2006); Salomon Smith Barney in New York, New York (1986-2001); and Painewebber (1981-1986). He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on February 12, 1986, and Series 7 (General Securities Representative Examination), which he obtained on June 20, 1981. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received two regulatory sanctions and one pending regulatory complaint.

Published on:

Timothy HunterPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on April 11, 2018 indicate that Louisiana-based Ameriprise Financial Services broker/adviser Timothy Hunter has received a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Hunter (CRD# 2317611).

Timothy Hunter has spent 25 years in the securities industry and has been registered with Ameriprise Financial Services in Baton Rouge, Louisiana since 1993. He was previously registered with IDS Life Insurance Company in Minneapolis, Minnesota (1993-2006). he has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on June 18, 1996; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 29, 1994; Series 7 (General Securities Representative Examination), which he obtained on February 3, 1993; Series 53 (Municipal Securities Principal Examination), which he obtained on October 11, 2002; and Series 24 (General Securities Principal Examination), which he obtained on July 10, 1999. He is a registered broker and investment adviser with eleven US states and territories: Alabama, Colorado, Florida, Louisiana, Maine, Mississippi, Missouri, New Mexico, Pennsylvania, Tennessee, and Texas. He is registered with one self-regulatory organization (SRO): FINRA.

According to his BrokerCheck report, Timothy Hunter has received one pending customer complaint.