Cindy Beyerlein Subject of an Eight-Month FINRA Suspension
Cindy Beyerlein (CRD #: 4320421) has been suspended by FINRA following her termination by Ameriprise Financial Services. This disclosure appears on her BrokerCheck record, accessed on May 31, 2024. Keep reading if you have questions concerning her alleged conduct.
Regulatory Action
On April 8, 2024, Cindy Beyerlein entered into an Acceptance, Waiver and Consent agreement (AWC) in which she consented to the findings that she borrowed approximately $190,000 from a firm customer without providing notice to, or obtaining written approval from, the firm.
The AWC alleges that the balance of the loans is still outstanding.
As part of the terms of the AWC, Cindy Beyerlein consented to an eight-month suspension. You can read a copy of the AWC here.
FINRA Rule 3240
FINRA Rule 3240 describes the limited circumstances under which brokers may borrow from or lend to clients, such as loans between immediate family members. According to the AWC, the customer was not an immediate family member or in the business of lending money.
Employment Separation After Allegations
On February 9, 2023, Ameriprise Financial Services fired Cindy Beyerlein following allegations that she violated company policies related to accepting a loan from two clients and failing to disclose an outside business activity. She also allegedly failed to cooperate with an internal review.
Background Information
Cindy Beyerlein has passed the following exams:
- Series 65 Uniform Investment Adviser Law Examination
- Series 63 Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
During her 22 years of experience, Cindy Beyerlein has registered with five firms:
- Kingswood Capital Partners (CRD #: 288898)
- Ameriprise Financial Services (CRD #: 6363)
- Boenning & Scattergood (CRD #: 100)
- Morgan Stanley Smith Barney (CRD #: 149777)
- CitiGroup Global Markets (CRD #: 7059)
Kurta Law Can Help
If you have worked with Cindy Beyerlein and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.
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