August 2021 – Tampa, FL
According to publicly available records , Clyde Anthony Jensen, a former broker with TD Private Client Wealth and Ameriprise disclose a pending regulatory event involving being named as a beneficiary of a customer’s trust.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In February of 2021, FINRA case #2018059733101 alleged that Jensen acted unethically by circumventing his member firm’s policies and procedures that prohibited him and his children from being designed as beneficiaries of a customer’s trust, activiely pursuing and maintaining those designations even after the firm denied him permission to do so, and failing to report those designations to his firm. At the time of the customer’s death, the securities to be bequeathed to Jenson were worth $833,735. He falsely affirmed that he would abide by the firm procedures and direction from his supervisor. FINRA seeks civil and administrative penalties and fines against Jensen.
Clyde Jensen was registered with TD Private Client Wealth from March of 2020 until June of 2021. Before that time he was with Woodstock Financial Group, Ameriprise Financial Services , Morgan Stanley and Edward Jones.
If you have questions about an investment account handled by Clyde Jensen, contact us for a no charge consultation to learn about your legal options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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