According to Financial Planning, the Financial Industry Regulatory Authority (FINRA) recently suspended former Ameriprise advisor, Jon Dabareiner, following a month long investigation for allegedly copying clients’ signature. In one case, Dabareiner allegedly had the clients permission to copy and paste the signature, however, the act violated the firms policies. In addition to the suspension, Dabareiner was fined $5,000.
Financial Planning reports that Dabareiner worked for Ameriprise from 1998 until he resigned in 2013. During his time with Ameriprise, the firm previously settled six unrelated customer complaints against Dabareiner totaling more than $420,000.
When brokers bend the rules and fail to follow FINRA’s regulations, they can be held liable for investment losses. In addition, the broker-dealers that employ such brokers, could be held liable for failure to supervise and may be held responsible for losses as well.
If you incurred losses investing with Jon Dabareiner and and would like to speak with a securities attorney about your litigation options, please call The White Law Group at 312-238-9650 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Vero Beach, Florida and Chicago, Illinois.
For more information on The White Law Group, please visit our website at www.WhiteSecuritiesLaw.com.