Ameriprise Stockbroker Barred In Investigation

Steven Glen Friedman of McLean Virginia a stockbroker formerly employed by Ameriprise Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that he failed to furnish information to FINRA in response to its inquiry into his activities. Case No. 2018058107301 (July 1, 2019).

According to FINRA Public Disclosure, Friedman was prompted for information by FINRA following his termination from Ameriprise Financial Services. The stockbroker was terminated on March 26, 2018 supported by allegations of undisclosed outside business activities in violation of the securities broker dealer’s policy.

Friedman failed to comply with FINRA’s requests in 2019 which resulted in the stockbroker receiving a suspension in all capacities on April 19, 2019. The regulator provided him until June 30, 2019 to resolve the inquiry or otherwise seek termination of his suspension. Friedman’s response was not in order by the deadline which resulted in an automatic bar being imposed by the regulator on July 1, 2019.

Friedman was registered with Ameriprise Financial Services between December 22, 1997 and March 26, 2018.