Former Ameriprise Rep Wins Split Decision In FINRA Arbitration

You ever start reading a decision in a lawsuit and once you get past the introduction, you're pretty sure that you know how the matter will be decided? Today's two-for-one FINRA Arbitration was just such a case. To be candid, I had placed my money on Claimant Ameriprise and against its former employee. No . . . I'm not a saying that I agreed with the firm's claims. I'm simply saying that how the assertions and allegations set up in the FINRA Arbitration Decision suggested that the former employee was going to lose. Boy, was I wrong! Case In PointIn a Financial Industry Regulatory Authority ("FINRA") Arbitration Statement of Claim filed in June 2016, FINRA member firm Ameriprise Financial Services, Inc. ("AFSI") asserted breach of an August 4, 2014, promissory note and a May 2…

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