The Financial Industry Regulatory Authority has banned former Ameriprise representative Shawn Parker for falsifying $25,000 in client entertainment expenses that were reimbursed by a wholesaler.
In a letter of acceptance, waiver and consent, Finra noted that Parker, of Schaumburg, Illinois, “was permitted to resign [from Ameriprise] on June 8, 2020, following disciplinary action for compliance policy violations related to the wholesaler reimbursement process.”
Finra said that Parker directed the submission of reimbursement requests to Ameriprise in connection with annual client events that she sponsored through wholesaler contributions.
The reimbursement requests included falsified invoices that overstated by a total of $25,000 the amount of reimbursable expenses she had incurred at the events. Parker was reimbursed for substantially all the amounts she requested.
According to her BrokerCheck report, Parker had been affiliated with Ameriprise since 1987.
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