Peter Richard Erhart of Roanoke Virginia a stockbroker formerly registered with Ameriprise Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that he neglected to provide information to FINRA personnel that was requested of him during a pre-investigation inquiry. Case No. 2018058452701 (Feb. 4, 2019).
FINRA Public Disclosure confirms that Erhart’s lack of cooperation initially resulted in him being issued a Suspension from Association letter by the regulator on November 23, 2018. FINRA warned Erhart about any future non-compliance possibly resulting in sanctions up to and including a bar from the securities industry. Erhart neglected to obtain a termination of his suspension within three months of being notified about it. He was automatically barred by the regulator on February 4, 2019.
FINRA Public Disclosure additionally reveals that Erhart is referenced in a customer initiated investment related written complaint in which the customer requested $80,287.78 in damages supported by allegations that investment recommendations were not suitable; investment purchases were executed by the stockbroker without the customer’s knowledge consent; and mutual fund transactions failed to be appropriate given the customer’s risk tolerance, goals or objectives.
Erhart’s employment with Ameriprise Financial Services was terminated on June 25, 2018.
