Meyer Wilson's investment misconduct attorneys are currently investigating
accusations involving former
Ameriprise broker Ted Cadwallader.
Ameriprise broker Ted Wayne Cadwallader (CRD# 3256070) was barred from associating with any FINRA member firm for failing to
comply with an investigation into accusations involving private securities
transactions and outside business activity.
In October 2014, Cadwallader was terminated from Ameriprise for compliance
policy violations relating to outside business activities and private
securities transactions. Under industry rules, no broker may be compensated,
or have the reasonable expectation of compensation, from any other person
as a result of any business activity outside the scope of the relationship
with his or her brokerage firm, unless he or she has provided prior written
notice to the brokerage firm.
According to a
Letter of Acceptance, Waiver & Consent, FINRA began its investigation into Cadwallader in August 2014. In November
2014, FINRA called on Cadwallader to give testimony concerning these potential
disclosure issues, but Cadwallader refused to appear. As a result, he
is subject to a permanent bar from FINRA and will never work as a broker again.
If you invested with former Ameriprise broker Ted Cadwallader and you lost
money, we invite you to contact the investment fraud lawyers at Meyer
Wilson. We are currently investigating these allegations concerning Cadwallader
and may be able to help you recover your losses caused by his alleged
misconduct. Fill out our
free case review form for more information.