Former Ameriprise broker accused of unethical conduct barred by Finra

Jeffery Joseph Kelly was sanctioned for not providing documents to Finra during its investigation

Sep 13, 2018 @ 2:13 pm

By Sarah Min

The Financial Industry Regulatory Authority Inc. has barred a former Ameriprise Financial broker after he failed to cooperate with an investigation into allegations of unethical conduct while at his firm.

Jeffery Joseph Kelly, who starting working at Ameriprise Financial Services Inc. in 2006, was terminated last December. According to Ameriprise, he was suspended and then permitted to resign for violating the firm's code of conduct relating to "ethical behavior pertaining to the records of his LLC business."

After Mr. Kelly was contacted by Finra as part of its investigation into the reasons for his separation from the firm, he initially asked for extensions to the agency's request for documents and information, only to later inform officals that he wouldn't provide them. As a result, Finra barred him from the industry.

Mr. Kelly accepted Finra's sanction without admitting or denying its findings.

Between 1999 and 2001, Mr. Kelly was registered with American Express Financial Advisors Inc. and IDS Life Insurance Co., according to BrokerCheck. From 2001 and 2006, he worked outside the securities industry.

0
Comments

What do you think?

View comments

Recommended for you

Featured video

Events

InvestmentNews celebrates diversity & inclusion in the financial advice business

Highlights of the Excellence in D&I Awards, showcasing the achievements of 26 individuals and firms that are moving the needle when it comes to diversity and inclusion.

Latest news & opinion

Dawn Bennett found guilty of $20 million Ponzi scheme

Jury took less than five hours to convict the former financial adviser and radio host.

10 advisory firm employee benefits you won't believe

Some advisory firms stand out for their creative efforts to keep their troops happy and engaged. Spa retreat, anyone?

Small-cap funds take a beating

For most of the year, the sector had outperformed, but that all changed last week.

Social Security and the fear of missing out

How to lower expectations when clients think they're owed a bigger Social Security benefit.

7 things advisers should do today to boost diversity and inclusion

Creating diversity and inclusion within financial advice firms is challenging, but these InvestmentNews Excellence in Diversity & Inclusion award winners have suggestions that firms can put into practice today

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print