FINRA Suspends Michael Adinovich for Alleged Failure to Provide Information

Michael Adinovich (CRD #: 2292310), a broker formerly registered with Ameriprise Financial Services, has been suspended by FINRA, according to his BrokerCheck record, accessed on July 5, 2023. Keep reading if you have questions about his alleged conduct as a broker.

FINRA Suspension and Bar

On April 20, 2023, Michael Adinovich received a Letter of Suspension alleging that he failed to respond to FINRA requests for information. 

FINRA Rule 9552

FINRA Rule 9552 states that members who fail to provide documents, information, or testimony requested by FINRA will be suspended. Members who fail to request an end to their suspension within three months become permanently barred.

FINRA Rule 2010

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

Termination from Ameriprise Financial Services

On February 9, 2022, Michael Adinovich was fired from Ameriprise Financial Services following allegations relating to order entry.

Background Information

Michael Adinovich 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

He has also worked for the following firms:

• Ameriprise Financial Services (CRD#:6363)
• Ameriprise Advisor Services (CRD#:5979)
• Morgan Stanley DW (CRD#:7556)
• Robert W. Baird & Company (CRD#:8158)
• Centennial Securities Company (CRD#:7763)

Kurta Law Can Help

If you worked with Michael Adinovich 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.