Ameriprise Financial Services, LLC broker Dusty Sternadel (CRD# 5872600) faces customer complaints related to misappropriation. He was registered with Ameriprise Financial Services, LLC in Wichita Falls, Texas, from 2018 to 2022, when he was terminated regarding, “The registered representative was terminated for violation of company policies related to misappropriation of client funds.” He was previously registered with Morgan Stanley in Wichita Falls, Texas, from 2015 to 2019, and Edward Jones in Wichita Falls, Texas, from 2011 to 2015.
In September 2022, FINRA barred him after he, “consented to the sanction and to the entry of findings that she refused to appear for on-the-record testimony and produce the information and documents requested by FINRA in connection with its investigation into the circumstances giving rise to a Form U5 filed by her member firm. The findings stated that the Form U5 disclosed that the firm had terminated Sternadel for violation of company policies related to misappropriation of client funds.”
Dusty Sternadel Customer Complaints
He has been the subject of three customer complaints between 2016 and 2022, one of which was denied, according to his CRD report:
September 2022. “The client alleged the advisor misappropriated funds in her account without her authorization.” The customer sought $10,000 in damages, and the case was settled for $10,134. The complaint took place while he was registered with Ameriprise Financial Services, LLC.
September 2022. “The client alleged the advisor misappropriated funds in his account without his authorization.” The customer sought $400,000 in damages, and the case was settled for $297,346.98.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Ameriprise Financial Services, LLC may be liable for investment or other losses suffered by Dusty Sternadel’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
"*" indicates required fields
