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FINRA Fines and Suspends Ex-Ameriprise Rep for Failure to Disclose Felony

FINRA Fines and Suspends Ex-Ameriprise Rep for Failure to Disclose Felony. Broker-dealer, brokerage, Financial Industry Regulatory Authority, financial services, FINRA, RIA
FINRA Fines and Suspends Ex-Ameriprise Rep for Failure to Disclose Felony. Broker-dealer, brokerage, Financial Industry Regulatory Authority, financial services, FINRA, RIA

The Financial Industry Regulatory Authority suspended and fined Jean A. St. Pierre after she failed to disclose that she had been charged with, and subsequently pled guilty to, a felony.

According to FINRA, In March 2018, while St. Pierre was associated with Ameriprise, she was charged with a felony for driving while under the influence of alcohol.

FINRA says St. Pierre knew that she had been charged with a felony, but she did not amend her Form U4 to disclose the felony charge within 30 days of learning of it. St. Pierre pleaded guilty to the felony offense in August 2018, while she remained associated with Ameriprise. However, she again failed to timely amend her Form U4 to disclose that she had been convicted of a felony, and did not disclose her felony charge and conviction to Ameriprise until February 2023.

On March 2, 2023, St. Pierre filed an amended Form U4 to disclose the felony charge and conviction. In addition, while associated with Ameriprise, St. Pierre provided false responses on four disclosures submitted to the firm. Specifically, St. Pierre certified on four separate occasions from 2019 through 2022 that she had not been charged with or convicted of any felony.

By willfully failing to timely disclose the felony charge and conviction on her Form U4, St. Pierre violated FINRA rules.

She consented to a six-month suspension from associating with any FINRA member in all capacities and a $5,000 fine.

According to BrokerCheck, St. Pierre was a registered broker at an Ameriprise office in Overland Park, Kansas, from August 1990 to April 2023.

On April 25, 2023, Ameriprise filed a Form 5 Uniform Termination Notice disclosing it terminated St. Pierre’s registration “due to FINRA statutory disqualification.”

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