Securities Arbitration Investment Fraud Lawyers » Investment and Regulatory News » FINRA Bars Ameriprise Financial Services LLC Stockbroker In Investigation

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Cathie Ann Joughin (also known as Cathie Joughin Barnard), of Bakersfield, CA, a stockbroker registered with Ameriprise Financial Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Joughin failed to provide information and documents to FINRA during the time that it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2022073830201 (November 28, 2022).

According to the AWC, FINRA began an investigation into Joughin’s possible violation of company policy related to a fiduciary relationship. In connection with the investigation, FINRA sent a request to Joughin to provide information and documents on October 28, 2022. On November 10, 2022, Joughin indicated to FINRA that she had received the requests but would not produce the documents and information. Therefore, Joughin violated FINRA Rules 2010 and 8210.

FINRA Public Disclosure shows that Joughin was permitted to resign by Ameriprise Financial Services LLC on December 17, 2021, based upon allegations that Joughin potentially maintained a fiduciary relationship in violation of company policy.

Joughin was associated with Ameriprise Financial Services LLC in Bakersfield, CA, as a stockbroker from November of 2019 to January of 2022.