Broker Investigation: Jeffery Joseph Kelly

Jeffery Joseph Kelly (CRD#: 3223982) worked as a securities broker at Ameriprise Financial Services in Getzville, New York from 2006 to 2017. Late last year, this broker was permitted to resign from Ameriprise after allegations that he violated the firm’s Code of Conduct.

On September 12th, 2018, FINRA announced that Mr. Kelly is being permanently barred from the securities industry for his failure to cooperate with the agency’s investigation into allegations that he misappropriated client funds.

Barred Broker: Jeffery Joseph Kelly Formerly of Ameriprise Financial Services

After he was permitted to resign from Ameriprise, FINRA launched its own investigation into the allegations raised against Mr. Kelly. Specifically, the agency was investigating whether or not this broker misappropriated or unethically converted client funds.

FINRA requested relevant documents and records from Mr. Kelly. He requested an extension from the agency to compile the records. The extension was granted by FINRA. However, as the deadline approached in July, Mr. Kelly acknowledged via email that although he has received FINRA’s requests, he will not be producing any documents or records at any time.

Under FINRA Rule 8210, all registered representatives and associated persons are required to cooperate with the agency’s investigations. Without admitting or denying misconduct, Jeffery Joseph Kelly consented to the findings and sanctions.

Consult With a Securities Fraud Lawyer Immediately

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