According to Perry’s FINRA BrokerCheck report, FINRA permanently barred Perry in December 2016 from acting as a broker or otherwise associating with firms that sell securities to the public. FINRA barred Perry because he failed to respond to a FINRA inquiry.
Perry’s permanent bar follows a customer complaint in October 2016 alleging Perry made unauthorized trades, failed to follow transaction instructions, and provided poor service which resulted in losses. The claim, according to the BrokerCheck report, was denied.
Perry has three other customer complaints that were denied. The complaints, all three filed in November 2015, allege unsuitable recommendations to invest in variable annuities and excessive fees. One of them, in addition to the claims concerning variable annuities, alleges misrepresentations of a CNL REIT and Inland American REIT. All three were ultimately denied.
In addition to the customer complaints, the IRS levied almost $150,000 in judgment/liens against Perry in February 2014.
Ameriprise Financial Services employed Perry at its Orange Park, Florida locations. Ameriprise Financial Services employed Perry from April 1997 until February 2016.
A FINRA inquiry letter is sent to a broker or brokerage firm when FINRA is requesting information about (1) a new disclosure; (2) an update of the status for a previously reported disclosure event; or (3) documentation regarding a disclosure event or potential disclosure event.
The letter does not trigger a firm or broker’s reporting obligation but instead serves as a reminder that a required Form U4 Amendment, or supplemental information, must be filed or provided to FINRA staff. If a broker fails to respond, FINRA can bar the broker like in this instance.
FINRA arbitration is a fast, efficient way to recover your lost investment funds. We work on a contingency fee basis, meaning you pay us nothing unless we win and recover money for you.
If you have invested with Brian T. Perry and Ameriprise Financial Services and have lost money doing so, you may be able to recover some or all of your losses. Our lawyers are experienced in recovering investor losses due to broker and brokerage firm misconduct through FINRA arbitration.
Silver Law Group represents the interests of investors who have been the victims of investment fraud. If you have questions about your legal rights, please contact Scott Silver of the Silver Law Group for a free consultation at firstname.lastname@example.org or toll free at (800) 975-4345.