The Financial Industry Regulatory Authority Inc. has barred former Ameriprise broker Arthur Hoffman for failing to take part in an investigation looking into alleged outside business interests.
On April 17, Finra opened an investigation in response to a disclosure filed by Ameriprise four days earlier that said Hoffman had been suspended for company policy violations related to outside business activities and private securities transactions. He worked in Glendale, Ariz.
Hoffman began his career at Morgan Stanley in 1999 and joined Ameriprise in 2016 after six years at Merrill Lynch and seven years at Wedbush Securities.
A private partnership, Edward Jones is a giant in the retail brokerage industry with more than 20,000 financial advisors.
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