Investors File Disputes About Dusty Veitenheimer

The Financial Industry Regulatory Authority (FINRA) reports important information about securities broker Dusty Veitenheimer (also known as Dusty Lynn Sternadel) [CRD: 5872600, Wichita Falls, TX]. Notably, investors complained about the securities broker, who worked for Ameriprise Financial Services LLC. Additionally, the securities broker disclosed a regulatory enforcement action. However, Veitenheimer denies the allegations of sales practice violations. Read on to learn more about the allegations against Veitenheimer.

Ameriprise Financial Services LLC Investor Accused Veitenheimer Of Misappropriation

Evidently, an Ameriprise Financial Services LLC client filed a complaint about Veitenheimer. Namely, the client alleged that Veitenheimer misappropriated funds. Because of this, the client allegedly sustained damages. Therefore, on December 5, 2022, Ameriprise Financial Services LLC settled this matter by paying the client $297,346.98 in damages. However, the firm and securities broker admit no liability in this settlement.

Dusty Veitenheimer Disclosed Misappropriation Allegations By Ameriprise Financial Services LLC Client

Also, a client of Ameriprise Financial Services LLC contested Dusty Veitenheimer’s sales practices, according to a complaint dated September 28, 2022. Allegedly, Veitenheimer misappropriated funds. Supposedly, Dusty Veitenheimer caused the client to sustain damages. Therefore, the client asked for compensatory relief from Ameriprise Financial Services LLC or Dusty Veitenheimer in the amount of $10,000 in this dispute, which is ongoing.

FINRA Sanctions Veitenheimer For Failure To Testify

Additionally, on September 9, 2022, FINRA issued Case: 2022076046801 sanctioning Dusty Veitenheimer for infractions. Specifically, Dusty Veitenheimer was barred, so he cannot work as a broker and in other capacities for FINRA-member firms. Notably, FINRA alleged that Veitenheimer failed to testify when FINRA investigated the securities broker for potential FINRA rule infractions. FINRA rules call for brokers to cooperate in investigations or else face sanctions including a potential bar (this is considered the most serious sanction) as securities broker.

Dusty Veitenheimer Discharged For Misappropriation

Also, Ameriprise Financial Services LLC disaffiliated with Dusty Veitenheimer on July 29, 2022. Allegedly, this termination is due to Veitenheimer allegedly misappropriating funds.

Edward Jones Investor Accused Veitenheimer Of Misrepresentation

Evidently, on October 6, 2016, an Edward Jones client filed a complaint about Veitenheimer. Namely, the client alleged that Veitenheimer made misrepresentations to the client. Because of this, the client allegedly sustained damages on variable annuities. Therefore, the client requested $5,000 in compensation from Edward Jones or Veitenheimer. However, the broker denied this complaint.

Veitenheimer Employment Information

• Veitenheimer worked for Ameriprise Financial Services LLC in Wichita Falls, TX, as a securities broker from December of 2018 to August of 2022.
• Veitenheimer worked for Morgan Stanley in Wichita Falls, TX, as a securities broker from November of 2015 to January of 2019.

Did Ameriprise Financial Services LLC Securities Broker Dusty Veitenheimer Cause You To Experience Damages?

Did you suffer damages because of securities broker Veitenheimer? If so, contact Soreide Law Group at (888) 760-6552 and talk with a securities attorney about a possible recovery of your investment losses. Soreide Law Group, who has effectively recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. The firm will take the time to fully understand your situation and will carefully explain your legal options. Veitenheimer and brokerage firms Veitenheimer worked for deny any and all allegations of sales practice violations.