Dusty Sternadel, an adviser in Wichita Falls, Texas, has been terminated by Ameriprise Financial Services for “violation of company policies related to misappropriation of client funds,” according to her BrokerCheck record.
“Ms. Sternadel took steps to conceal her illegal activity by circumventing our controls and acting away from the firm,” Kathleen McClung, vice president of public relations for Ameriprise Financial, told a local television station in response to an inquiry.
No further information about the misappropriation of funds was available.
Sternadel had been affiliated with Ameriprise for four years. Earlier, she had been with Morgan Stanley and Edward Jones, each for four years.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
