Published On: June 26, 2018

Ameriprise can be held liable for investment losses with former broker Nicholas Hoetmer in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis. Nicholas Hoetmer was previously registered with JP Morgan in Indianapolis, Indiana from 2012 until 2016, Chase Investment Services in Indianapolis from 2005 until 2012 and Banc One Securities Corp in Chicago, Illinois from 1999 until 2005. In May 2018, FINRA sanctioned Hoetmer following allegations that he failed to amend his Form U4. He was terminated from JP Morgan following allegations he failed to disclose a reportable event on his Form U4, and, while registered with Chase Investment Services Corp, recommended an unsuitable investment and misrepresented material facts related to an investment in auction rate securities. These are all against securities laws and internal firm rules. Nicholas Hoetmer, according to online records, has two customer disputes against him, one regulatory matter, one financial and two criminal dispositions. He is not currently registered as a broker and has been suspended from the industry.

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