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May 21, 2012
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Blog, Securities Fraud
According to reports, a Valparaiso, Indiana financial advisor is facing a year in prison after pleading guilty to wire fraud. The advisor, Jennifer Guelinas, allegedly made unauthorized transfers of more than half a million dollars from a client’s account while working as a financial advisor in the Valporaiso
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November 2, 2010
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Blog, Securities Fraud
An Ooltewah, Tenn., financial adviser has been sentenced to five years in prison and ordered to pay more than $2.7 million in restitution to his former broker-dealer, Ameriprise Financial Inc., after pleading guilty to misappropriating his clients’ money while he worked for the Minneapolis-based firm. According
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October 12, 2010
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Blog, Securities Fraud
The Financial Industry Regulatory Authority (FINRA) has fined H&R Block Financial Advisors (now Ameriprise Advisor Services) $200,000 for failing to put in place the proper system to supervise its reverse convertible notes sales to retail clients. FINRA also suspended H & R broker Andrew MacGill for 15 days
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