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Ameriprise Financial Broker in Plano, TX, Sanctioned by Securities Regulator

Ameriprise Financial Broker in Plano, TX, Sanctioned by Securities Regulator

Ameriprise Financial Broker in Plano, TX, Sanctioned by Securities Regulator 150 150 Rex Securities Law

September 24,  2015- Plano, Texas 

John Joseph Kolinofsky, Jr , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that while acting as branch manager and supervisory principal for his firm between 1/6/2011 and 5/2/2012, one of the brokers Kolinofsky was charged with supervising participated in the sale of $1.72 million of get preferred shares of BioChemics, Inc. to nine customers of Ameriprise Financial Services and 4 Ameriprise registered representatives.

By failing to supervise the private securities transactions of the broker, Kolinofsky violated NASD Rule 3010(b) and FINRA Rule 2010.

AWC No. 2012033291201

Kolinofsky was fined $20,000 and suspended from association with any FINRA member for one month. In addition he was suspended from acting in a principal capacity for three months and agreed to cooperated with FINRA Enforcement in its continuing investigation of the matter.

According to FINRA records, Kolinofsky  was registered with Ameriprise Financial  from 1/2011 until he was suspended.  Prior to that he was registered with Southwest Securities in Plano, Texas, from 5/2003-1/2011

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

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