n July 22, 2020, BRYANT EDWIN CAVENESS (CRD#: 4033740), a former broker registered with Ameriprise Financial Services, Inc., of Kingsport, Tennessee, was barred by the Financial Industry Regulatory Authority, Inc. (FINRA) from acting as a broker or otherwise associating with a broker/dealer firm. Caveness was previously registered both as a broker and as an investment advisor.
According to FINRA’s report, without admitting or denying FINRA’s findings, BRYANT EDWIN CAVENESS consented to the sanction and to the entry of findings that he allegedly refused to provide information and documents requested by FINRA in connection with its investigation into his potential receipt of checks from senior clients. FINRA’s findings stated that although Caveness initially cooperated with FINRA’s investigation, he ceased doing so.
On FINRA’s BrokerCheck, available to the public on FINRA’s website, BRYANT EDWIN CAVENESS has 4 Disclosures listed on his CRD report. Of the 4 Disclosures, 2 are Customer Disputes.
In May of 2001, there was a Customer Dispute filed against Caveness following allegations, “Verbal complaint alleging unsuitable recommendations.” The settlement amount was $37,500.00.
In July of 2010, another complaint was filed against BRYANT EDWIN CAVENESS alleging, “The client verbally alleged discretionary trading of unsuitable investments occurred within his portfolio.” This Customer Dispute settled for $85,000.00.
In June of 2020, Bryant Caveness was discharged from Ameriprise Financial following allegations that, “The registered representative was terminated for company policy violations related to personal trade, ethics, and solicitation of exchange traded products.”
BRYANT EDWIN CAVENESS was registered in the securities industry for 20 years and was listed with 3 firms. The following firm is the most recent:
10/05/2009 – 07/16/2020 AMERIPRISE FINANCIAL SERVICES, LLC – KINGSPORT, TN
If you or an elderly family member have suffered financial losses due to the actions or recommendations of BRYANT EDWIN CAVENESS, formerly of Ameriprise Financial of Kingsport, Tennessee, contact Soreide Law Group and speak to an experienced securities lawyer regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents clients nationwide before FINRA. We operate on a contingency fee basis–no fee to you if no recovery.