Susan Elizabeth Walker, of Wayzata, Minnesota, a stockbroker formerly registered with Ameriprise Financial Services, Inc., has been identified in a customer initiated investment related written complaint on May 3, 2017, in which the customer requested $19,008.93 in damages based upon allegations that Walker walked off with the customer’s funds.
Financial Industry Regulatory Authority (FINRA) Public Disclosure also reveals that on May 15, 2013, a customer initiated investment related written complaint involving Walker’s conduct was settled for $151,390.98 in damages based upon allegations that she converted the customer’s assets. Walker was terminated by Ameriprise Financial on March 22, 2013, based upon allegations against her of misappropriation.
Moreover, Walker’s misconduct became the subject of an investigation by Minnesota Department of Commerce in April of 2013 and FINRA in June of 2013. She was ultimately barred from associating with any FINRA member in any capacity based upon consenting to findings that she failed to cooperate in FINRA’s investigation into allegations that she misappropriated funds belonging to a firm customer. Letter of Acceptance, Waiver and Consent, No. 20130365117 (July 8, 2013).
According to the AWC, FINRA’s staff requested in June of 2013 that Walker provide recorded testimony about her business activities. The AWC stated that Walker’s counsel confirmed that Walker received FINRA’s request but would at no point cooperate. FINRA concluded that Walker’s conduct was violative of FINRA Rules 2010 and 8210.
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