National investment loss lawyers KlaymanToskes is investigating broker Cynthia Beyerlein (CRD# 4320421) of Ameriprise Financial Services and Kingswood Capital Partners, who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that she borrowed approximately $190,000 from a member firm customer without providing prior written notice to, or obtaining written approval from, the firm.
FINRA found that in 2021, Beyerlein borrowed approximately $190,000 from an Ameriprise customer through multiple loans. None of the loans met any of the conditions set forth in the firm’s Written Supervisory Procedures (WSPs), or complied with any of the conditions set forth in FINRA Rule 3240. The customer was reportedly not an immediate family member of Beyerlein or in the business of lending money. Beyerlein allegedly used the funds to pay for personal expenses and did not discuss payment terms for the loans or memorialize the loans in writing. The balance of the loans is reportedly still outstanding.
According to FINRA BrokerCheck, broker Cynthia Beyerlein was previously registered with Ameriprise Financial Services from April 2014 to March 2023, when she was terminated from the firm for violation of company policies related to accepting a loan from two (2) clients, failing to disclose an outside business activity and failing to cooperate with an internal review.
Investors that suffered losses with broker Cynthia Beyerlein are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national investment loss law firm that represents the interests of investors throughout the world who have suffered losses due to broker misconduct, investment fraud, and securities violations.
The articles linked below contain important information relating to KlaymanToskes’ investigation of broker Cynthia Beyerlein:
If you suffered losses with broker Cynthia Beyerlein, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
The firm has helped recover over $600 million* for investors, and can help you determine if your loss is due to financial advisor misconduct, unsuitable investment advice, and/or other securities violations.
*Exclusive of attorneys fees and costs.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Cynthia Beyerlein. These signs could potentially indicate broker misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
According to FINRA, brokerage firms such as Ameriprise Financial Services and Kingswood Capital Partners are responsible for the supervision of all of the activities of their registered brokers and investment advisors. Investors may be entitled to a financial recovery if their brokerage firm failed to supervise the representative managing their brokerage account, and/or if their broker/advisor made unsuitable investment recommendations.
Engaging the services of an experienced securities attorney to evaluate the specific circumstances of your case is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Cynthia Beyerlein or have concerns regarding your investment portfolio at Ameriprise Financial Services and/or Kingswood Capital Partners, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation to discuss recovery options.