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.

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