According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), former Ameriprise broker Jack McBride violated securities laws. He allegedly committed several violations pertaining to customer accounts as follows: he settled a customer complaint without notifying his firm, sent two emails to two customers containing accounts values that he had inflated, and, in connection with non-traditional Exchange Traded Products (ETFs) which were prohibited by the firm, mismarked order tickets as unsolicited when the transactions were in fact solicited. These are all against securities laws. For this he was fined $12,500 and suspended from the industry for 40 calendar days. According to FINRA records, Mr. McBride was previously registered with Ameriprise in West Bloomfield, Michigan from September 1994 until October 2009 and Ameriprise in Farmington Hills, Michigan from October 2009 until August 2014. He is currently registered with Wunderlich Securities in Birmingham, Michigan and has been since August 2014. He has five customer disputes against him.
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