National investment loss lawyers KlaymanToskes is investigating barred broker Richard Routie (CRD# 4379905) formerly of Ameriprise Financial Services and Cetera Financial Specialists.
According to the Financial Industry Regulatory Authority (FINRA), Richard Routie was permanently barred from acting as a broker by FINRA due to findings that he refused to appear for on-the-record testimony requested by FINRA in connection with an investigation into whether he borrowed money from customers.
Investors that suffered losses with broker Richard Routie are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
FINRA’s investigation found that on July 25, 2023, Ameriprise filed a Uniform Termination Notice for Securities Registration (Form U5), stating that Routie “resigned while under review for potential violations of company policy, including texting with a client.” Routie refused to appear for on-the-record testimony as requested pursuant to FINRA Rule 8210 in connection with a FINRA investigation into whether he borrowed money from customers. As a result, Routie violated FINRA Rules 8210 and 2010 and is barred from associating with any FINRA member in all capacities.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged 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.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances 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 Richard Routie, or have concerns regarding your investment portfolio at Ameriprise Financial Services, Cetera Financial Specialists, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.