Cedric Powell Of Ameriprise Financial Services Terminated For Outside Business Activities

Investors potentially incurred losses because of securities broker Cedric Percell Powell [CRD: 3249130, Tampa, Florida], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Powell worked for Ameriprise Financial Services LLC from June 24, 2021, to June 10, 2025. Investors should review the information below to discover more about Powell’s disclosures.

Ameriprise Financial Services LLC Disaffiliated With Powell For Violation Of Policy About Outside Business Activities

Notably, on June 5, 2025, Ameriprise Financial Services LLC disaffiliated with Powell. Specifically, Ameriprise Financial Services LLC alleged that Powell failed to comply with the firm’s policies, including policies concerning outside business activities and the handling of financial planning fees.

Cedric Powell Disclosed Misappropriation Allegations By Northwestern Mutual Investment Services LLC Client

Particularly, a client of Northwestern Mutual Investment Services LLC contested Powell’s sales practices, according to a complaint. Allegedly, Powell misappropriated funds by moving money from the client’s mutual funds to pay premiums on life insurance products. The client was allegedly unaware that the life insurance policies existed. It appears that Powell allegedly caused the client to sustain damages related to mutual funds and life insurance products. Therefore, Northwestern Mutual Investment Services LLC agreed to settle the matter on October 28, 2021, by compensating the client in the amount of $13,468.

Northwestern Mutual Investment Services LLC Client Accused Powell Of Unauthorized Transactions

Additionally, a client filed a complaint about Cedric Powell. Mainly, the client alleged that Powell opened new life insurance policies without the client’s knowledge and wrote the client’s name on applications. For this reason, the client allegedly incurred damages associated with those life insurance products. Consequently, on June 10, 2021, Northwestern Mutual Investment Services LLC settled this matter by paying the client $95,641.93 in damages.

Did You Invest With Financial Advisor / Securities Broker Cedric Powell?

Are you concerned about investments you made through Cedric Powell? Reach out to Soreide Law Group online or at (888) 760-6552 and speak with a securities lawyer about a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, our securities attorneys represent investors on a contingency fee arrangement and advance all costs. Powell and brokerage firms Powell worked for deny accusations of sales practice violations.