Investor Update: Cheryle Anne Brady and Ameriprise Financial

Stoltmann Law Offices is interested in speaking to those investors who may have invested money with Cheryle Anne Brady, a former broker with Ameriprise Financial in Hingham, Massachusetts. Ms. Brady was assessed a deferred fine of $7,500 and suspended by the Financial Industry Regulatory Authority (FINRA) for allegedly falsely stating to her member firm that she had contacted clients prior to trades being placed. She allegedly placed trades in her clients’ accounts without first obtaining the clients’ approvals. Allegedly, a member of her sales supervision team sent her an email containing a list of the trades and inquired if Brady had spoken with each client on that day. Brady responded that she had spoken to each of the clients, and, after each call, had instructed her sales assistant to place the trades. Later, she admitted she did not speak to the clients before the trades were placed. This is against securities laws and internal firm rules.

According to her online BrokerCheck report with FINRA, Ms. Brady was previously registered with Pioneer Funds Distributor in Boston, Massachusetts from January 1993 until May 1993, Linsco/Private Ledger in Boston from June 1993 until March 1994, A.G. Edwards & Sons in St. Louis, Missouri from January 1995 until May 1997, UBS Painewebber in Weehawken, New Jersey from June 1997 until March 2002, RBC Capital Markets in Norwell, Massachusetts from March 2002 until February 2012 and Ameriprise Financial Services in Hingham, Massachusetts from January 2012 until October 2016. She has three customer disputes against her. She is not currently registered as a broker and has been suspended from the industry.