The Financial Industry Regulatory Authority (“FINRA”) barred Ameriprise Financial Services Inc. broker Mark Sachse (CRD#: 5155260, Overland Park, Kansas) for not complying with a FINRA probe. Notably, the FINRA BrokerCheck Report for Sachse shows that FINRA made a “request for information” which Sachse failed to answer. Supposedly, FINRA inquired into Sachse to see if he failed to comply with FINRA rules given Sachse’s disciplinary history.
Evidently, on July 18, 2018, FINRA notified Mark Sachse that it was going to suspend him for his failure to respond. The suspension became effective September 10, 2018. Since Sachse did not request termination of his suspension within three months of FINRA’s notification, FINRA revoked Sachse’s broker privileges. Because of this, Sachse cannot, under any circumstances, act as a broker or even associate with a securities broker.
Ameriprise Financial Discharges Mark Sachse For Giving Misleading Information To Investor
Sachse registered through Ameriprise on August 6, 2010. However, Ameriprise suspended Mark Sachse on March 19, 2018 for misconduct on the job. On March 22, 2018, Ameriprise disaffiliated with Sachse after finding that he violated a “code of conduct” policy. Namely, Ameriprise claimed that Sachse impersonated the firm’s staff and gave inaccurate and misleading information to Ameriprise clients.
Investor Files Lawsuit Alleging Sachse Made Unsuitable, Unauthorized Trades
One of the clients who Ameriprise may be referring to brought a lawsuit (Case 4:18-cv-01023-HFS) on January 24, 2019. Namely, the client claimed that Mark Sachse made unreasonable investment recommendations in regards to OTC equities. Supposedly, Sachse told the client to trade on margin which was unfitting for the customer. Secondly, the client claimed that Sachse traded without the client’s permission. Also, Sachse supposedly made false statements and failed to tell the client important facts about the OTC equities. Because of this, the client demanded $450,000 in damages in this pending matter. Lars Soreide Highest Ethical Standard Award 2018
If you suffered losses from Mark Sachse, contact Soreide Law Group at (888) 760-6552. You’ll be able to speak with experienced counsel about a possible recovery of your investment losses. Notably, Soreide Law Group has recovered millions of dollars for investors who have suffered losses due to broker and brokerage firm misconduct. The firm represents clients on a contingency fee basis and advances all costs.
The Logan Group Securities [CRD: 40259, Roseville, California] was censured and fined $70,000 in a FINRA disciplinary action, according to FINRA's Disciplinary and Other FINRA Actions report for September 2026. FINRA found that the firm, listed in the report as Logan, Kevin Christopher dba The Logan Group Securities, willfully violated Reg BI and Form CRS requirements. The firm consented to the sanctions and to the entry of findings without admitting or denying them, according to the Letter of Acceptance, Waiver and Consent (AWC) issued July 27, 2026.
Brown Associates, Inc. [CRD: 5049, Chattanooga, Tennessee] was censured and fined $30,000 in an AWC issued by FINRA, according to FINRA's Disciplinary and Other FINRA Actions report for September 2026.
RBC Capital Markets, LLC (CRD #31194, New York, New York) was censured and fined $275,000 after an AWC found the firm failed to develop and implement an anti-money laundering compliance program reasonably designed to detect and cause the reporting of suspicious transactions, according to FINRA's September 2026 disciplinary report.
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