Clyde Jensen – Financial Advisor/Broker Suspended from Securities Industry | Recover Investment Losses

Clyde Jensen – Financial Advisor/Broker Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses

Clyde Jensen a/k/a Clyde Anthony Jensen CRD #5658476

Clyde Jensen is a previously licensed financial advisor/broker with Woodstock Financial Group and Ameriprise Financial Services.

According to FINRA, Clyde Jensen was fined $10,000 and suspended from the securities industry for six months in September 2021.

According to FINRA Allegations:
Jensen was named a respondent in a FINRA complaint alleging that he acted unethically by circumventing his member firm’s policies and procedures that prohibited him and his children from being designated as beneficiaries of a customer’s trust, actively pursuing and maintaining those designations even after the firm denied him permission to do so, and failing to report those designations to his firm. The complaint alleges that in circumvention of the firm’s policy and direction from his supervisor, Jensen agreed to become a beneficiary of the customer’s trust and to have his children designated as contingent beneficiaries of her trust. Jensen neither informed the firm of these prohibited beneficiary designations, nor requested the customer remove him and his children as a trust beneficiary and contingent beneficiaries, respectively. Rather, Jensen actively participated in the process by which the customer named him as a trust beneficiary and his children as contingent trust beneficiaries. At the time of the customer’s death, the securities to be bequeathed to Jensen were worth $833,735.35. The complaint also alleges that Jensen submitted an annual attestation to his firm on which he falsely affirmed that he would abide by firm procedures and direction from his supervisor, could not inherit from a customer (other than immediate family), and would immediately contact his supervisor if he became aware of a prohibited beneficiary relationship.

Goodman & Nekvasil, P.A. May Recover Investor Losses:

If you lost money on investments with Clyde Jensen 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 concerning Clyde Jensen’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 $200 million on behalf of victimized investors. If you lost money on investments with Clyde Jensen 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.

Contact Us Today!

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