Goodman & Nekvasil P.A., May Recover Investor Losses – Justin Matthew Weseloh (Justin Weseloh) Barred from Securities Industry and Resigned from Ameriprise Financial Services, Inc.
From 2010 until Justin Weseloh’s resignation in 2013, Justin Weseloh was licensed with Ameriprise Financial Services, Inc. According to FINRA’s records, Justin Weseloh resigned from Ameriprise Financial Services, Inc. on September 19, 2013. Ameriprise Financial Services, Inc. reported to FINRA that Justin Weseloh resigned while under investigation related to misappropriation of client funds.
Subsequent to Justin Weseloh’s termination by Ameriprise Financial Services, Inc., FINRA investigated Justin Weseloh and brought a disciplinary action against Justin Weseloh. Justin Weseloh was barred from the securities and investment banking industry by the Financial Industry Regulatory Authority (FINRA) on June 17, 2014. FINRA reports that Justin Weseloh consented to the sanction and to the entry of findings that Justin Weseloh wrongfully took, approximately $84,000 (Gross) from a branch office of Justin Weseloh’s member firm, including approximately $21,000 in salary payments and $63,000 in commissions. The findings stated that as part of Justin Weseloh’s payroll management duties, Justin Weseloh sent gross payroll and commission figures for all of the branch office’s employees to a third-party payroll company. FINRA reports that the payroll company paid the employees directly from the branch office’s banking account based on the figures provided by Justin Weseloh. According to FINRA, Justin Weseloh knowingly sent the payroll company inflated salary figures as well as commission figures for himself even though Justin Weseloh was not allowed to receive commission payments pursuant to firm policy. FINRA reports that this caused the branch to pay Justin Weseloh salary and commissions in the amounts Justin Weseloh requested.
If you lost any money on investments with Justin Weseloh, 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 Justin Weseloh.
If you lost money on investments with Justin Weseloh 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 Justin Weseloh’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 Justin Weseloh 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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