Goodman & Nekvasil P.A., May Recover Investor Losses – Ted Wayne Cadwallader (Ted Cadwallader) Fired by Ameriprise Financial Services, Inc. and Barred from Securities Industry
From 1999 until Ted Cadwallader’s firing in 2014, Ted Cadwallader was licensed with Ameriprise Financial Services, Inc. According to FINRA’s records, Ted Cadwallader was fired by Ameriprise Financial Services, Inc. on October 13, 2014. Ameriprise Financial Services, Inc. reported to FINRA that Ted Cadwallader was terminated for compliance policy violations relating to outside business activities and private securities transactions.
Subsequent to Ted Cadwallader’s firing by Ameriprise Financial Services, Inc., FINRA investigated Ted Cadwallader and brought a disciplinary action against Ted Cadwallader. Ted Cadwallader was barred from the securities and investment banking industry by the Financial Industry Regulatory Authority (FINRA) on December 8, 2014. FINRA reports that Ted Cadwallader consented to the sanction and to the entry of findings that Ted Cadwallader failed to cooperate with a FINRA investigation by refusing to appear for on-the-record testimony requested by FINRA in connection with an investigation involving potential issues related to private securities transactions and outside business activity (OBA) disclosures.
FINRA reports that a complaint involving Ted Cadwallader’s conduct with American Express Financial Advisors, Inc. was filed, alleging that Ted Cadwallader sold a client unsuitable replacement annuities and did not disclose that the death benefit amount may not equal the purchase amount. This complaint was settled.
If you lost any money on investments with Ted Cadwallader, 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 Ted Cadwallader.
If you lost money on investments with Ted Cadwallader, 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 Ted Cadwallader’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 $180 million on behalf of victimized investors. If you lost money on investments with Ted Cadwallader 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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