Published On: July 7, 2015

Stoltmann Law Offices continues to investigate Bart J. Ellis, a former registered representative with Ameriprise Financial Services. Ellis was permanently barred from the industry after allegedly making unauthorized trades in customer accounts. One customer alleged that Ellis made unauthorized trades in her account routinely from June 2009 until August 2012. Ellis also allegedly created fake entries in a telephone log to cover up the trades, to make it seem as if he had received authorization from the customer to do so. The customer did not give written authorization to Ellis, nor did she authorize Ellis to exercise discretion in her account. Ellis also allegedly falsified documents in the same customer’s account in October 2010. An Ameriprise representative contacted the customer to inquire as to whether she authorized Ellis to make the trades. When the customer replied that she did not, Ellis then falsified telephone logs, making it seem as if the customer had authorized said trades.

Bart J. Ellis was registered with McLaughlin, Piven, Vogel Securities in Chicago, Illinois from February 2001 until May 2006, Morgan Stanley in Chicago from April 2006 until July 2007, and Ameriprise in Orland Park, Illinois and Chicago from November 2007 until October 2012. He has four customer disputes against him. He is no longer licensed in the industry, and the Financial Industry Regulatory Authority (FINRA) permanently barred him from the industry.

Amerprise Financial, Ellis’ former firm, can be sued in the FINRA arbitration process for failing to supervise him while he was employed there. At Stoltmann Law Offices, we sue brokerage firms such as Ameriprise to recover money for investors. Please call us at 312-332-4200 to speak to an attorney. The call is free.

Please see video below for more information.

Bart-Ellis-FINRA-AWC

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