JASON MAY, FORMER FLORIDA AMERIPRISE BROKER , BARRED BY FINRA

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 31, 2011 -- Former Ameriprise broker, Jason May (CRD# 4255401), Delray Beach and Boynton Beach, Florida, has been barred for life by FINRA for failing to respond to FINRA requests for information after he was suspended for 60 days.

Our investigation has uncovered that Mr. May may have encouraged his clients to take out loans through a friend of his at Wachovia. It has been alleged that Mr. May then invested the proceeds in options trading at Options Express. Ameriprise may be liable for the losses sustained by May's clients at Options Express.

In addition, May failed to sit for the Series 63 or 66 state licensing exams. As a result, May was not properly registered in the state of Florida during his tenure with Ameriprise. Accordingly, Ameriprise may be held liable for any losses sustained, or fees, commissions, or costs paid by those clients to Ameriprise. It is believed that Ameriprise failed to disclose to May's clients that he wasn't properly registered. Instead Ameriprise advised clients that May had changed positions with the firm, which happened to be a non-registered paraplanner.

After May continued acting in a registered capacity, our investigation has uncovered that Ameriprise failed to fully report the reasons for May's departure from the firm on May's CRD. Due to May's improper registration, May's clients at Ameriprise may be entitled to recovery for losses sustained. Furthermore, clients suffering losses through May at Options Express may also be entitled to recovery from Ameriprise for May's selling away

If you had dealings with former Ameriprise broker Jason May please contact Soreide Law Group, PLLC, for a free consultation at (888) 760-6552 or locally at (954) 760-6552 or visit us on the web at http://www.securitieslawyer.com.

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