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Joseph Crespi Resigns from Ameriprise Financial Services

Dec 16, 2022 Unauthorized Trading

Joseph Crespi (CRD #: 1110919), a broker formerly registered with Ameriprise Financial Services, resigned from the firm, according to his BrokerCheck record, accessed on December 14, 2022. If you want to know more about his alleged conduct as a broker, read on.

Resignation from Ameriprise Financial Services

On November 1, 2022, Joseph Crespi voluntarily resigned from Ameriprise Financial Services after he was allegedly suspended pending an internal review of his conduct, specifically concerning “acting outside the scope of his duties.”

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Investor Dispute

On December 8, 2015, an investor alleged that Joseph Crespi executed unauthorized trades in their accounts between May 2013 and October 2015. This dispute was denied by the firm.

However, investors should know that firms don’t need to allow an external review before denying disputes. Investors may be able to recoup their losses by seeking out FINRA arbitration after a denial.

FINRA Rule 3260

FINRA Rule 3260 prohibits brokers from conducting discretionary trading outside of discretionary accounts that have received approval for discretionary trading from the firm and the client.

Background Information

Joseph Crespi 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 8 – General Securities Sales Supervisor Examination (Options Module & General Module)

He previously worked for the following firms:

  • Ameriprise Financial Services (CRD#:6363)
  • Stifel, Nicolaus & Company (CRD#:793)
  • Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
  • Advest (CRD#:10)
  • Burgess & Leith (CRD#:114)

Kurta Law Can Help

If you worked with Joseph Crespi and you have concerns about your investments, please contact us today at 877-600-0098 or 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.