FINRA

Respondent Perconte failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

Letter

Suspension

All Capacities

Indefinite

Continues until required payment is made or discharged.

11/21/2017

Pursuant to Article VI, Section 3 of FINRA By-Laws, and FINRA Rule 9554, Respondent Perconte is suspended on November 21, 2017 for failure to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

FINRA

Respondent Perconte failed to respond to FINRA request for information.

letter

Bar (Permanent)

All Capacities

Indefinite

6/30/2017

Pursuant to FINRA Rule 9552(h) and in accordance with FINRA's Notice of Suspension and Suspension from Association letters dated March 27, 2017 and April 20, 2017, respectively, on June 30, 2017, Perconte is barred from association with any FINRA member in all capacities. Respondent failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in all capacities.

Ameriprise Financial Services, Inc.

Discharged

The registered representative was suspended on March 29, 2016 and terminated on April 13, 2016 for violation of the firm's approval of their outside business activity.

I developed a close father/son relationship with a client that had no immediate family. He became ill and I had been taking care of him for over 10 years. Once that started I gave up the account to a rep in another office 20 miles away. The trust was worded so that I do not even get the Executor fee when he passes. I am not beneficiary of anything. During routine audits I freely gave Ameriprise copies of all checks for any and all activity with never an issue. I hired him a caregiver for only 2 months. They maintained a relationship after she was fired for never showing up. She convinced him that I was trying to hurt him financially and made him complain to my branch manager. The issue at hand was I had written checks with receipts to myself for small amounts as reimbursement i.e toilet paper, medicines, home repairs. I never took a salary nor received any monetary gain from the relationship nor did I want it. Ameriprise after all the years of approving the relationship they now took exception to it and terminated my employment.