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Cedric Powell Terminated by Ameriprise Financial Services

Cedric Powell (CRD #: 3249130), a previously registered broker with Ameriprise Financial Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on September 14, 2025. Keep reading if you have questions concerning his alleged conduct. 

Employment Separation After Allegations 

On June 5, 2025, Ameriprise Financial Services fired Cedric Powell following allegations regarding outside business activities and financial planning fees. 

FINRA Rule 3270 – Outside Business and Selling Away

FINRA Rule 3270 requires brokers to inform their firm of any outside business activities or any investments sold away from the firm. The brokerage firm may prohibit the activity if the firm believes the proposed activity may compromise the broker’s duties. Firms may also require brokers to seek approval of any outside business.

Investor Allegations 

On October 21, 2020, investors alleged that Cedric Powell opened new life insurance policies in their investment portfolio and that he wrote their names on life insurance application documents. The dispute was settled for $95,641.93. 

Background Information 

Cedric Powell has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 6 Investment Company Products/ Variable Contracts Representative Examination

He has registered with the following firms: 

  • Ameriprise Financial Services (CRD #: 6363)
  • Northwestern Mutual Investment Services (CRD #: 2881) 

Kurta Law Can Help

If you worked with Cedric Powell 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 that 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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