FINRA Bars Former Ameriprise Advisor for Alleged Churning of Accounts

On January 5, 2018, FINRA Enforcement signed off on a Letter of Acceptance, Waiver and Consent (“AWC”) between FINRA and former financial advisor Larry Martin Boggs (“Boggs” or “Respondent”) (CRD# 1582741).  Without admitting or denying FINRA’s findings, Mr. Boggs voluntarily consented to an industry bar from associating with any FINRA member firm in any capacity. Mr. Boggs first became associated with a FINRA member firm in 1986 as a general securities representative.  During the course of his career, he worked at a number of brokerage firms, including Ameriprise Financial Services, Inc. (“Ameriprise”) (CRD# 6363) from July 2009 to May 2015.  Thereafter, he was associated with Wedbush Securities Inc. (“Wedbush”) (CRD# 877) for less than a year (2015-2016). In May 2015, Mr. Boggs was discharged from his position by Ameriprise, based on allegations of “violations of company policy related to…

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