Erez Law is investigating claims regarding Ted Wayne Cadwallader (CRD #3256070, North Tonawanda, New York). Cadwallader recently submitted an AWC in which he permanently was barred from association with any FINRA member in any capacity. See FINRA Case #2014042259701. Cadwallader was associated with Ameriprise Financial Services, Inc. (Getzville, NY) from August 1999 until his termination in October 2014. The Form U-5 filed by Ameriprise to terminate Cadwallader’s registration states that “advisor was terminated for compliance policy violations relating to outside business activities and private securities transactions.”
Without admitting or denying the findings, Cadwallader consented to the sanction and to the entry of findings that he failed to cooperate with a FINRA investigation by refusing to appear for on-the-record testimony in connection with its investigation involving potential issues related to private securities transactions and outside business activity disclosures.
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 may be liable for investment or other losses suffered by Cadwallader’s customers.
If you were a client of Ameriprise or Cadwallader, and have suffered investment losses or financial irregularities or invested in promissory notes or limited partnership agreements, please contact Erez Law to explore your legal options. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies. To learn more, please call us at 888-840-1571 or complete our “contact form.”
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