National investment fraud lawyers KlaymanToskes is investigating (“Firasat Ali Siddiqui Ameriprise Financial Services Investigation”) former Ameriprise Financial Services, LLC broker Firasat Siddiqui in light of his recent termination from Ameriprise.
Firasat Ali Siddiqui (CRD# 2194860) has been discharged from the employment with Ameriprise Financial Services, LLC. The firm terminated Siddiqui on January 14, 2022. Per FINRA BrokerCheck, the allegations relating to his termination are as follows:
According to FINRA BrokerCheck, Firasat Siddiqui was registered as a broker for Ameriprise from December 1991 to January 2022. The branch location for Ameriprise was Atlanta, Georgia. From December 1991 to July 2006, Siddiqui also was a broker at IDS Life Insurance Company. Currently, Firasat Ali Siddiqui is not registered as a broker or an investment adviser.
According to the Financial Industry Regulatory Authority, brokerage firms are responsible for the supervision of all the activities of its financial advisors. FINRA rules require the supervision of financial advisor as well as compliance with the securities industry standards of care for the handling of customer accounts as reflected in brokerage firm compliance manuals. The financial brokerage firm compliance manuals provide written procedures designed to achieve compliance with security industry rules and regulations by financial advisors of the firm
Brokerage firm computerized systems monitor the activities of financial advisors designed to supervise the specific activities related to the type of business conducted at the branch office. Branch office managers are the first line of defense to protect the investors from violations of FINRA rules and regulations. Brokerage firms and branch office manager are responsible for the supervision of financial advisor:
KlaymanToskes can help you determine whether an investment loss is the result of a failure to supervise the activities in your brokerage account. If an investor suffers losses as a result of a failure to supervise they may be able recover their losses in a FINRA arbitration claim for damages.
Former customers of FirasatSiddiquiat Ameriprise with losses in excess of $250,000, and those who have information relating to the manner in which Firasat Siddiqui handled customer accounts, are encouraged to contact Lawrence L. Klayman, Esq., at 1-888-997-9956, and download our Special Investor Report.
KlaymanToskes is a leading national securities law firm practicing exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. KlaymanToskes has recovered more than $230 million for investors in FINRA arbitrations. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com
www.klaymantoskes.com