Randall A. Samson of Ameriprise Financial Services, Inc. was barred for distributing funds from a customer’s 401(k) account into his personal bank account. In connection, Samson also provided false information to Ameriprise regarding the conversion of funds.
FINRA affirms that Samson abused his position as the plan’s trustee and financial advisor to complete a $10,000 distribution from customer’s 401(k) account into his personal bank account, which he used to fund payroll and other company expenses. Samson falsely represented the knowledge and consent of the customer for the distribution, and further provided false statements to his firm’s compliance department in connection with an inquiry into the $10,000 distribution.
According to FINRA’s Broker Check, Randall A Samson (CRD #2691518) of Ameriprise Financial Services, Inc. has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. Randall A. Samson first became registered with a FINRA member firm in 1996. He was registered with Ameriprise Financial Services, Inc. (or its predecessor firms) from January 1996 until Ameriprise terminated his registration in April 2014.
Randall A. Samson was an acting broker for 18 years with the following securities firm(s):
AMERIPRISE FINANCIAL SERVICES, INC.
01/1996 – 04/2014
IDS LIFE INSURANCE COMPANY
01/1996 – 07/2006
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