Former Ameriprise Financial Advisor Stephen Mosley was terminated from the firm’s Lake Havasu City’s Arizona office. The firm stated that he was “terminated for compliance policy violations related to complying with disciplinary action and heightened supervision, soliciting a prohibited security and suitability of a transaction.” This is sometimes referred to as “selling away,” and is when a broker recommends or sells a security that is not held or offered by his member firm. It is against securities laws. Mosley’s former firm, Ameriprise, can be held liable for investment losses in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis.
Mr. Mosley was registered with NYLife Securities in Southfield, Michigan from January 2007 until March 2010, NYLife Securities in Okemos, Michigan from May 2010 until June 2010, Hartford Equity Sales Company in Henderson, Nevada from January 2011 until June 2011, Edward Jones in Lake Havasu City, Arizona from June 2011 until September 2013 and Ameriprise Financial Services in Lake Havasu City from October 2013 until December 2016. He has two customer disputes against him and is currently not registered within the industry.
If you or someone you know lost money with Mr. Mosley, you may be able to recover your losses with him by suing Ameriprise in the FINRA arbitration forum on a contingency fee basis. Please call our Chicago-based securities law firm today at 312-332-4200 to find out how. The call is free with no obligation.
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