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Former Ameriprise Broker Ted Cadwallader Accused of Misconduct, Meyer Wilson Investigates

Meyer Wilson

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.