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Emanuel Avina Sanctioned for Impersonating Ameriprise Customers

FINRA fined and suspended former Ameriprise Financial Services broker Emanuel Omar Avina for impersonating several customers out of Ameriprise's City of Industry, California branch in phone calls to the firm's customer service center to direct the firm to transfer money out of Ameriprise and into Avina's new investment firm, Purshe Kaplan Sterling Investments of Santa Ana, CA.

AWC #2017054932701

The findings state that after his termination from Ameriprise in 2017, stockbroker Avina (CRD #5403314) impersonated six customers in eight telephone calls to the Amerprise customer service center, the purpose of which was to transfer money out of some customers' accounts and to request information for others' accounts.

According to FINRA, some of the customers were not aware of stock broker Avina's impersonation in calls to his ex-firm's service center and did not authorize Avina to impersonate them. Investigators found that Avina impersonated the customers in order to request account number and deposit information for the customer, request copies of deposited checks, request securities liquidation paperwork for securities held by the customer, direct the liquidation of these securities, and direct the disbursement of proceeds from customers' accounts by check or by wire transfer to the customer.

FINRA concluded that by impersonating clients, especially when done without the customer's knowledge or consent, Avina, whose file lists Avina Financial Group and Avina Insurance Services of Whittier as an additional business activities, failed to adhere to an industry rule concerning commercial honor and just/equitable principles of trade.

If you have invested with Southern California broker Emanuel Omar Avina or with any representative or adviser who has impersonated you or otherwise acted in a way that has proven harmful to your investments or interests, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.

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The Law Offices of Jonathan W. Evans & Associates - California Securities Fraud Attorney
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