Dusty Sternadel Allegedly Misappropriated Investor Funds
Dusty Sternadel (CRD #: 5872600) has been terminated by her broker, Ameriprise Financial Services of Wichita Falls, Texas, following allegations of “illegal activities.” This is according to her BrokerCheck record, accessed on September 8, 2022. Investors should review their account statements and keep reading if they have concerns about their investments.
According to a statement from Kathleen McClung, Vice President of Public Relations for Ameriprise, “Ms. Sternadel took steps to conceal her illegal activity by circumventing our controls and acting away from the firm. Her actions are wholly inconsistent with our code of conduct and strict compliance standards, and we swiftly terminated her upon discovering what she had done. We are actively working with impacted clients and have been in contact with appropriate authorities.”
Misappropriation Investor Dispute
On July 29, 2022, Ameriprise Financial Services fired Dusty Sternadel following allegations that she misappropriated a client’s funds. “Misappropriation” involves the misuse of investor funds and is expressly prohibited by FINRA Rule 2150.
Investor Allegations of Misrepresentation
According to allegations filed on October 6, 2016, Dusty Sternadel misrepresented a protective annuity an investor purchased in November 2013 and the Prudential Annuity she purchased in October 2014.
FINRA Rule 2020 prohibits misrepresentation of investments and the omission of material information. For example, brokers are not allowed to misrepresent possible returns on investments. Material information includes tax consequences.
FINRA Rule 2010
Violations of FINRA rules are often automatic violations of FINRA Rule 2010. FINRA Rule 2010 requires brokers to uphold high standards of commercial honor and just and equitable principles of trade.
Dusty Sternadel has passed the following exams:
- Series 66 Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
Dusty Sternadel has worked for the following firms:
- Ameriprise Financial Services (CRD #: 6363)
- Morgan Stanley (CRD #: 149777)
- Edward Jones (CRD #: 250)
Kurta Law Can Help
If you worked with Dusty Sternadel and you have concerns about your investments, please contact us today at 877-600-0098 or email@example.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 the firm only earns a fee if our securities attorneys recover money on your behalf.