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Written by 7:11 pm Blog, Current Investigations, Securities Fraud

Ameriprise Advisor Dusty Sternadel Allegedly Misappropriated Client Funds  

Ameriprise Advisor Dusty Sternadel Allegedly Misappropriated Client Funds , featured by top securities fraud attorneys, the White Law Group

Dusty Sternadel of Wichita Falls, TX Reportedly Fired after Allegations of Investment Fraud  

According to news reports today, Dusty Lynn Sternadel, a financial advisor in Wichita Falls, Texas, was reportedly fired by Ameriprise Financial Services for “illegal activity.” Ameriprise reportedly released a statement after several former clients of Sternadel made allegations on social media of fraud and illegal activity. 

According to a Letter of Acceptance Waiver and Consent posted on September 9, 2022, the regulator reportedly sent a request to Sternadel on August 26, 2022 for on-the-record testimony and production of documents concerning allegations of misappropriating client funds, but Sternadel purportedly refused. Consequently Sternadel was reportedly barred from associating with any FINRA member at any time.

According to her FINRA BrokerCheck report, Ameriprise reportedly terminated Sternadel in July 2022 for “violation of company policies related to misappropriation of client funds.”  

Sternadel was a registered representative with the following firms during her career:  

12/14/2018 – 08/22/2022, AMERIPRISE FINANCIAL SERVICES, LLC (CRD#:6363), Wichita Falls, TX,
11/23/2015 – 01/10/2019, MORGAN STANLEY (CRD#:149777), WICHITA FALLS, TX 

01/24/2011 – 11/24/2015, EDWARD JONES (CRD#:250), WICHITA FALLS, TX  

Potential Lawsuits to Recover Investment Losses    

The White Law Group is investigating potential securities claims involving Ameriprise Financial advisor Dusty Sternadel and the liability her employers may have for failure to properly supervise her.

When brokers abuse client accounts or conduct transactions that violate securities laws, such as making unauthorized trades or making unsuitable investments, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.      

The brokerage firms can be held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.        

If you are concerned about investments with Dusty Sternadel, the securities attorneys of The White Law Group may be able to help you. For a free consultation with a securities attorney, please call 888-637-5510.    

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Seattle, Washington.    

For more information on The White Law Group, visit www.WhiteSecuritiesLaw.com.    

Tags: , , , , , , , Last modified: September 12, 2022