Claimants are brothers that allege that they were recommended an unsuitable, high risk, and speculative alternative investment, FS Energy & Power (FSEP).

$65,000.00

$12,500.00

Ameriprise Financial settled this matter in order to avoid the costs associated with arbitration.

COMMONWEALTH OF VIRGINIA

THE COMMONWEALTH OF VIRGINIA REVIEWED MY INSURANCE REGISTRATION BASED UPON THE AWC I ENTERED RELATED TO FINRA FILE NUMBER 2010022064201 AND A STATE OF CALIFORNIA ADMINISTRATIVE ACTION RESULTING FROM THE SAME FINRA MATTER.

ONE-YEAR VOLUNTARY SURRENDER OF INSURANCE LICENSE

ONE-YEAR VOLUNTARY SURRENDER OF INSURANCE LICENSE.

ILLINOIS

DISQUALIFICATION CAUSED BY FINRA ORDER ENTERED MARCH 14, 2012 IN DISCIPLINARY PROCEEDING NO.2010022064201.

Stipulation and Consent

Undertaking

ORDER OF WITHDRAWAL FOR TWO (2) YEARS

FINRA

FINRA RULE 2010: FROM JUNE 16, 2009 THROUGH AUGUST 6, 2009, MOLNAR IMPERSONATED FOUR CUSTOMERS IN ORDER TO EXPEDITE THE TRANSFER OF THEIR ACCOUNTS FROM HIS FORMER BROKER-DEALER EMPLOYER TO HIS NEW BROKER-DEALER EMPLOYER. IN EACH INSTANCE, HE PLACED A TELEPHONE CALL TO HIS FORMER BROKER-DEALER, IDENTIFIED HIMSELF AS THE CUSTOMER, AND PROCEEDED TO IMPERSONATE THE CUSTOMER, SOMETIMES USING PERSONAL INFORMATION SUCH AS THE CUSTOMER'S BIRTH DATE OR SOCIAL SECURITY NUMBER. ALTHOUGH THE CUSTOMERS HAD AUTHORIZED THE TRANSFER OF THEIR ACCOUNTS, THE CUSTOMERS DID NOT AUTHORIZE THE IMPERSONATIONS.

Acceptance, Waiver & Consent(AWC)

Civil and Administrative Penalty(ies)/Fine(s)

$5,000.00

Suspension

ANY CAPACITY

ONE MONTH

4/16/2012

5/15/2012

WITHOUT ADMITTING OR DENYING THE FINDINGS, MOLNAR CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS; THEREFORE, HE IS FINED $5,000 AND SUSPENDED FROM ASSOCIATION WITH ANY FINRA MEMBER IN ANY CAPACITY FOR ONE MONTH. THE SUSPENSION IS IN EFFECT FROM APRIL 16, 2012, THROUGH MAY 15, 2012. FINE PAID IN FULL APRIL 9, 2012.

AFTER MY DEPARTURE FROM A PRIOR FIRM,MULTIPLE CLIENTS REQUESTED MY ASSISTANCE IN TRANSFERRING THEIR FUNDS TO MY CURRENT FIRM. ACTING ON MY CLIENTS' BEHALF AND ONLY AFTER THEY AUTHORIZED THE TRANSFERS AND SUBMITTED TRANSFER FORMS, I ASSISTED THEM IN THE TRANSFER OF THEIR ASSETS. DURING THE ENTIRE TRANSFER PROCESS, THE ONLY CONCERNS EVER VOICED BY MY CLIENTS WERE RELATED TO HOW LONG IT WAS TAKING MY PRIOR FIRM TO TRANSFER THEIR ASSETS TO MY CURRENT FIRM. THERE WERE SIGNIFICANT DELAYS RELATED TO THE TRANSFERS AND MY CLIENTS WERE GRAVELY CONCERNED ABOUT THE FINANCIAL VIABILITY OF MY PRIOR FIRM AND THE SAFETY OF THEIR INVESTMENTS. AS SUCH, THERE WAS SIGNIFICANT PRESSURE TO TRANSFER THE FUNDS FROM MY PRIOR FIRM.