HomeLife InsuranceFINRA Suspends Ex-Ameriprise Rep Over DUI Conviction

FINRA Suspends Ex-Ameriprise Rep Over DUI Conviction

A former Ameriprise dealer was once suspended for 6 months and fined $5,000 by means of the Monetary Business Regulatory Authority after she did not expose in a well timed means a criminal conviction she won for using whilst drunk after which made false statements in 4 disclosures she supplied to the company.

With out admitting or denying the regulator’s findings, Jean A. St. Pierre signed a FINRA letter of acceptance, waiver and consent on Monday to settle the alleged FINRA rule violations and save you any long term movements in opposition to her according to the similar findings.

Why it issues: As the regulator issues out, a dealer is topic to “statutory disqualification” from club, or affiliation with a member, for 10 years after conviction of sure crimes, together with any criminal. Agents are required to document criminal fees inside of 30 days of studying of them.

What to grasp: St. Pierre was once a registered dealer at an Ameriprise place of job in Overland Park, Kansas, from August 1990 to April 2023, in line with her document on FINRA’s BrokerCheck site. She was once additionally a registered consultant for Ameriprise beginning in September 2015.

On April 25, 2023, Ameriprise filed a Shape 5 Uniform Termination Understand disclosing it terminated St. Pierre’s registration “because of FINRA statutory disqualification.”

The company didn’t instantly reply to a request for touch upon Thursday.

In March 2018, whilst St. Pierre was once related to Ameriprise, she was once charged with the criminal offense of using whilst drunk, in line with FINRA. St. Pierre pleaded accountable to the criminal in August 2018 and “knew that she have been charged with a criminal, however she didn’t amend her Shape U4 to expose the criminal fee inside of 30 days of studying of it,” the FINRA AWC letter stated.

On March 2, 2023, St. Pierre in spite of everything filed an amended Shape U4 to expose the criminal fee and conviction, in line with FINRA.



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