Broker Cathie Joughin Barred After Refusing FINRA’s Info Request

Cathie Joughin (Cathie Ann Joughin CRD# 1044884, a/k/a “Cathie Joughin Barnard,” “Cathie Ann Goughin,” “Cathie Joughin”) is a previously registered broker and investment advisor whose last employer was Ameriprise Financial Services, LLC (CRD# 6363) of Bakersfield, CA. Her previous employers include Wells Fargo Advisors Financial Network, LLC (CRD#:11025) and Wedbush Securities Inc. (CRD# 877), also of Bakersfield, and Triquest Financial, Inc. (CRD# 6596) of Glendale, CA. She is not currently registered with any FINRA member firm, has been in the industry since 1982.

Ameriprise Termination And FINRA Investigation

On 12/17/2021, Joughin voluntarily resigned from her employment at Ameriprise “while under review for compliance policy violations related to a fiduciary relationship.” No additional details are available. In January of 2022, Ameriprise filed a Uniform Termination Notice for Securities Industry Registration (Form U5) with FINRA listing the investigation as the reason for her departure.

Following the Form U5, FINRA began an investigation into the allegations made in Joughin’s Form U5. On October 28, 2022, FINRA sent a request for information to Joughin related to the investigation. Joughin’s legal counsel responded via email that she was in receipt of FINRA’s request and would not be providing any documents or information at any time.

FINRA’s sanction for not assisting in their investigation was for Joughin to be permanently barred from any association with any FINRA member permanently. On 11/15/2022, Joughin and her counsel signed a Letter of Acceptance, Waiver & Consent (AWC) agreeing to the sanction. FINRA’s enforcement counsel signed the letter on 11/28/2022, the effective date of the sanction.

Customer Dispute

Three months later, a customer filed a dispute alleging that his father became a victim of elder abuse and misappropriation at the hands of his financial advisor. Joughin only worked for Ameriprise from 2019 through 2022, and the client’s son lists the period of the allegations as “on or about late 2019 and early 2020.” The complaint was filed on 3/30/2023, and the claim is currently listed as “pending.” In the information available on Brokercheck, Joughin is not named, but the dispute does appear in Joughin’s disclosures. No additional information is available.

Did You Invest With Cathie Joughin?

Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today at (800) 975-4345 and let us know how we can help.