December 29 , 2015-Plano, Texas
David Lowenthal entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that while associated with Ameriprise as a registered representative, he personally invested $10,000 in preferred shares issued by a biopharmaceutical company, without first providing notice to the firm.
According to FINRA, Lowenthal violated NASD Rule 3040(b) and FINRA Rule 2010 by entering into a private securities transaction without providing prior written notice to the Firm regarding his personal investment.
AWC No. 2012033291202
Lowenthal was fined $7,500 and suspended for 10 business days from association with any FINRA member in any capacity.
FINRA records indicate that Lowenthal has been registered with Ameriprise Financial Services in Plano, Texas since 2/2009.
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