Goodman & Nekvasil P.A., May Recover Your Investment Losses – Joseph Beagnyam Suspended from Securities Industry
Joseph Beagnyam has been licensed with International Assets Advisory, LLC since August 2013. Joseph Beagnyam was previously licensed with Independent Financial Group, LLC and Ameriprise Financial Services, Inc. Joseph Beagnyam was suspended from the securities and investment banking industry in all capacities for 10 days and fined $5,000 by the Financial Industry Regulatory Authority (FINRA). FINRA reports that Joseph Beagnyam consented to the sanctions and to the entry of the findings that Joseph Beagnyam executed discretionary transactions in the brokerage account of customers of Joseph Beagnyam’s member firm without the customers’ prior written authorization or contacting them prior to doing so and without the firm’s acceptance of the accounts as discretionary.
Prior to this FINRA action, Joseph Beagnyam was fired by Ameriprise Financial Services, Inc. Ameriprise Financial Services, Inc. reported to FINRA that Joseph Beagnyam was terminated for violation of company policy related to unauthorized discretion.
FINRA also reports that an arbitration claim was filed alleging breach of fiduciary duty and/or other allegations. This arbitration claim involving Joseph Beagnyam’s conduct with Ameriprise Financial Services, Inc. was settled for $450,000.
If you lost any money on investments with Joseph Beagnyam you may be able to recover your losses from International Assets Advisory, LLC, Independent Financial Group, LLC, and/or Ameriprise Financial Services, Inc. This is because International Assets Advisory, LLC, Independent Financial Group, LLC, and Ameriprise Financial Services, Inc. had a duty to supervise Joseph Beagnyam.
If you lost money on investments with Joseph Beagnyam 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 International Assets Advisory, LLC, Independent Financial Group, LLC, and/or Ameriprise Financial Services, Inc. concerning Joseph Beagnyam’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 other investments with Joseph Beagnyam 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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