Sean Refsnider, Formerly with Ameriprise Financial Services, Barred from Securities Industry
Have you lost money with financial advisor Sean Refsnider? We are continuing to look into allegations made about Sean Michael Refsnider from Haddon Heights, New Jersey. In April 2020, FINRA (the Financial Industry Regulatory Authority) sought to bar Refsnider from the securities industry. FINRA alleges that Refsnider converted or stole about $42,000 from a customer of his former brokerage firm, Ameriprise Financial Services. In October 2020, FINRA barred Refsnider from the industry regarding these allegations.
Sean Refsnider was a financial advisor and registered representative of Ameriprise Financial Services from 2004 to September 2019. He worked in a branch office in Haddon Heights, New Jersey. Refsnider was also terminated by Ameriprise regarding these allegations.
Brokerage firms like Ameriprise Financial Services have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Ann Arbor, Michigan; and Phoenix, Arizona. We represent investors in FINRA arbitration proceedings in all 50 states, including New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Ameriprise Financial Services.