Adam Ellison Subject of FINRA Fine and Suspension
Adam Ellison (CRD #: 6073346), a broker previously registered with Ameriprise Financial Services, has been suspended by FINRA, according to his BrokerCheck record, accessed on July 25, 2023. Keep reading if you have questions.
On June 5, 2023, Adam Ellison entered into an Acceptance, Waiver, and Consent agreement (AWC) in which he consented to the findings that he willfully failed to timely amend his Form U4 to disclose he had been charged with a felony. He was required to disclose the felony within 30 days of becoming aware of the charge, but the AWC alleges he did not disclose the felony until approximately four months later.
As part of the terms of the AWC, Adam Ellison consented to a $5,000 fine and a three-month suspension.
You can read a copy of the AWC here.
Employment Termination
On March 2, 2020, Merrill Lynch, Pierce, Fenner & Smith fired Adam Ellison following allegations that he had engaged in conduct inconsistent with firm standards regarding personal bank accounts.
Background Information
Adam Ellison has passed the following exams:
- Series 66 Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
He has registered with the following firms:
- Ameriprise Financial Services (CRD #: 6363)
- Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691)
Kurta Law Can Help
If you worked with Adam Ellison and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.
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