Former Ameriprise broker Jeffery Joseph Kelly has been sanctioned by the Financial Industry Regulatory Authority for failing to cooperate with an investigation by the regulator into allegations of unethical conduct.
Kelly was terminated by Ameriprise Financial last December after 11 years with the firm. According to the brokerage firm, Kelly allegedly violated the firm’s code of conduct relating to “ethical behavior pertaining to the records of his LLC business.” He was first suspended and then permitted to resign.
FINRA began an investigation into the reasons behind Kelly’s termination from the firm. But Kelly told FINRA that he would not provide any of the documentation or information that FINRA had requested, leading to the sanction.
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