Li-Lin Hsu a/k/a Yilin Hsu Fired by 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 - Li-Lin Hsu a/k/a Yilin Hsu Fired by Ameriprise Financial Services, Inc. and Barred from Securities Industry
From 2006 until Li-Lin Hsu’s firing in 2015, Li-Lin Hsu was licensed with Ameriprise Financial Services, Inc. According to FINRA’s records, Li-Lin Hsu was fired by Ameriprise Financial Services, Inc. on March 27, 2015. Ameriprise Financial Services, Inc. reported to FINRA that Li-Lin Hsu was suspended on 3/9/2015 and terminated on 3/27/2015 after being accused of company policy violations related to maintaining a beneficiary relationship with a client, complaint handling, commingling funds, and conducting business with a foreign client.
Subsequent to Li-Lin Hsu’s firing by Ameriprise Financial Services, Inc., FINRA investigated Li-Lin Hsu and brought a disciplinary action against Li-Lin Hsu. Li-Lin Hsu was barred from the securities and investment banking industry by the Financial Industry Regulatory Authority (FINRA) on July 5, 2016. FINRA reports that Li-Lin Hsu failed to respond to FINRA request for information. On September 21, 2016, the SEC denied Li-Lin Hsu’s application for review, affirming the FINRA bar.
FINRA reports that an arbitration claim was filed involving Li-Lin Hsu’s conduct with Ameriprise Financial Services, Inc., alleging that Li-Lin Hsu misappropriated investment funds intended for the claimant’s account. This claim was settled for $675,000.
FINRA also reports that an arbitration claim is pending against Ameriprise Financial Services, Inc., which alleges that in August 2014, Li-Lin Hsu advised the claimants to purchase an unprofitable business for Li-Lin Hsu’s personal gain and that Li-Lin Hsu illegally borrowed money from them. This arbitration claim seeks $1,000,000 in damages.
If you lost any money on investments with Li-Lin Hsu, or if funds were misappropriated from you, 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 Li-Lin Hsu.
If you lost money on investments with Li-Lin Hsu and believe the investments may have been unsuitable or otherwise improper for you, or if funds were misappropriated from 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 Li-Lin Hsu’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 $170 million on behalf of victimized investors. If you lost money on investments with Li-Lin Hsu, or if funds were misappropriated from you, 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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