Goodman & Nekvasil P.A, May Recover Investor Losses – Dean Thomas Nicholson Permitted to Resign from Ameriprise Financial Services, Inc.
From 2007 until Dean Nicholson’s resignation in 2012, Dean Nicholson was licensed with Ameriprise Financial Services, Inc. Dean Nicholson is now licensed with Sagepoint Financial, Inc. According to FINRA records, Dean Nicholson was permitted to resign from Ameriprise Financial Services, Inc. on March 5, 2012. Ameriprise Financial Services, Inc. reported to FINRA that Dean Nicholson’s resignation related to the firm’s finding of company policy violations related to restricted and prohibited activities, authorized third parties and outside business activity.
FINRA reports a settled arbitration claim involving Dean Nicholson’s conduct with Sagepoint Financial, Inc.
In addition to this arbitration claim, FINRA reports that the Florida Office of Financial Regulation issued a Cease and Desist to Dean Nicholson, and imposed an $18,000 monetary fine and a $5,200 disgorgement on Dean Nicholson. Further, the Florida Office of Financial Regulation imposed a securities registration agreement on Dean Nicholson. Dean Nicholson consented to these sanctions and to findings that Dean Nicholson was named a 20% beneficiary of a client’s account without being related to the client. The Florida Office of Financial Regulation also found that Dean Nicholson failed to submit all outgoing correspondence to Ameriprise’s online file manager for review and approval prior to sending it out to his client. Finally, the Florida Office of Financial Regulation found that Dean Nicholson removed an unexecuted draft will, which Dean Nicholson had prepared for the client, from a client’s customer file. Dean Nicholson agreed to immediately cease and desist from any and all violations of Chapter 517, Florida Statutes.
If you lost any money on investments with Dean Nicholson, you may be able to recover your losses from Ameriprise Financial Services, Inc. and/or Sagepoint Financial, Inc. This is because Ameriprise Financial Services, Inc. and Sagepoint Financial, Inc. had a duty to supervise Dean Nicholson.
If you lost money on investments with Dean Nicholson and believe that 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. and/or Sagepoint Financial, Inc. concerning Dean Nicholson’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 Dean Nicholson 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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