Cory Ward Taylor (Cory Taylor) Permitted to Resign from Ameriprise Financial Services, Inc. and Barred from Securities Industry – Goodman & Nekvasil P.A., May Recover Investor Losses
Goodman & Nekvasil P.A., May Recover Investor Losses - Cory Ward Taylor (Cory Taylor) Permitted to Resign by Ameriprise Financial Services, Inc. and Barred from Securities Industry
From 2004 until Cory Taylor’s resignation in 2016, Cory Taylor was licensed with Ameriprise Financial Services, Inc. According to FINRA’s records, Cory Taylor resigned from Ameriprise Financial Services, Inc. on September 15, 2016. Ameriprise Financial Services, Inc. reported to FINRA that Cory Taylor was permitted to resign while under suspension for compliance policy violations related to the use of discretion in non-discretionary accounts.
Subsequent to Cory Taylor’s firing by Ameriprise Financial Services, Inc., FINRA investigated Cory Taylor and brought a disciplinary action against Cory Taylor. Cory Taylor was barred from the securities and investment banking industry by the Financial Industry Regulatory Authority (FINRA) on May 11, 2017. FINRA reports that Cory Taylor failed to respond to FINRA request for information.
FINRA also reports that Cory Taylor was previously fined $15,000 and suspended from the securities and investment banking industry by FINRA for six weeks, in June 2014. Cory Taylor consented to the sanctions and to the entry of findings that Cory Taylor purchased Facebook stock in 54 accounts involving 44 client groups, i.e., clients who had multiple accounts. According to FINRA, Cory Taylor spoke with 30 of the clients prior to each trade and they agreed to purchase Facebook securities; however, Cory Taylor did not call the clients on the day of the trade to reconfirm the trades prior to execution. According to FINRA, Cory Taylor did not have prior written authorization to exercise discretion in these accounts, and these accounts were not accepted as discretionary accounts by Ameriprise Financial Services, Inc. According to FINRA, after investigating these transactions, Ameriprise Financial Services, Inc. offered rescission to the affected customers and the Firm held Cory Taylor responsible for the costs of those rescissions, which Cory Taylor paid.
If you lost any money on investments with Cory Taylor, you may be able to recover your losses from Ameriprise Financial Services, Inc. This is because Ameriprise Financial Services, Inc. had a duty to supervise Cory Taylor.
If you lost money on investments with Cory Taylor and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Ameriprise Financial Services, Inc. concerning Cory Taylor’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $300 million on behalf of victimized investors. If you lost money on investments with Cory Taylor and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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