Ted Wayne Cadwallader Barred: Allegedly Failed to Comply with FINRA’s Investigation Regarding Alleged Undisclosed Business Activity

investor rights attorneysIn November of 2014, Ted Wayne Cadwallader, previously associated with Ameriprise, allegedly failed to cooperate with a FINRA investigation by refusing to appear for “on-the-record testimony” requested pursuant to FINRA Rules, in connection with an investigation involving potential issues related to private securities transactions and outside business activity disclosures according to a FINRA Letter of Acceptance, Waiver and Consent (AWC).

FINRA embarked on an investigation into Cadwallader in August of 2014, whilst he was still associated with Ameriprise, looking into whether he had allegedly engaged in private securities transactions and failed to accurately disclose his OBA activities on his OBA approval forms, the AWC further alleges.

Cadwallader Acknowledges Receiving FINRA’s request, Refused to Appear for Testimony, Allegedly

As part of its persistent investigation, FINRA sent a request to Cadwallader on November 21, 2014 for on-the-record testimony pursuant to FINRA Rules, the AWC reports.

In addition, the AWC alleges that Cadwallader acknowledged that he received FINRA’s request, and that he reportedly would not appear for on-the-record testimony at any time, and that by refusing to appear for on-the-record testimony as requested pursuant to FINRA Rules, he was in violation of FINRA by-laws. As, a result, the AWC reports, Cadwallader consented to the imposition of the following sanctions: a bar from associating with any FINRA member in any capacity.

Investment Rights Lawyers Investigating

The Peiffer Wolf Carr & Kane investment rights lawyers often represent investors who lose money as a result of investment misconduct. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of investment misconduct may contact the investment rights lawyers at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.

Broker: Ted Wayne Cadwallader

Status: INVESTIGATED by Peiffer Rosca.

For brokercheck report and additional info click here!

phil korosec (1250 Posts)

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.