Bryant Caveness, Ameriprise Financial Services, Kingsport, TN

FINRA Bars Bryant Caveness for Failure to Cooperate with its Investigation 

According to Financial Advisor IQ on July 27, citing a document from the Financial Industry Regulatory Authority (FINRA), the regulator has barred financial advisor Bryant Caveness for failure to provide information in its investigation into his “potential receipt of checks from senior customers.”  Consequently, he is barred from associating with any FINRA member at any time.

Caveness agreed to the bar without admitting or denying the findings, according to a Letter of Acceptance, Waiver & Consent (AWC). 

According to his BrokerCheck profile, Caveness was reportedly registered with Ameriprise Financial Services from 2009 – June 2020 when he was reportedly discharged  “for company policy violations related to personal trade, ethics and solicitation of exchange traded products.”

Caveness reportedly has two customer disputes on his BrokerCheck record. The first alleged unsuitable recommendations and was settled for $37,500 by Morgan Stanley Dean Witter, his former employer, without admitting liability, according to BrokerCheck. The second complaint also alleged unsuitable investments and was settled for $85,000, according to FINRA BrokerCheck.

Filing a Complaint against your Brokerage Firm

When brokers abuse client accounts or conduct transactions that violate securities laws, such as unauthorized trades or making unsuitable investments, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

If you are concerned about investments with Bryant Caveness, the securities attorneys of The White Law Group may be able to help you. For a free consultation with a securities attorney, please call 888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information on The White Law Group, visit www.WhiteSecuritiesLaw.com.