Ameriprise’s Rudy Molynar: FS Energy & Power Complaints

Treasure Island, Florida financial advisor Rudy Molynar (CRD# 3211892) has received multiple investor complaints alleging his conduct resulted in losses. Financial Industry Regulatory Authority records show that he is currently a broker and an investment advisor with Ameriprise Financial Services. 

Mr. Molynar’s BrokerCheck report discloses two investor complaints. The most recent, filed in July 2022, alleges that as a representative of Ameriprise Financial Services, he recommended an unsuitable investment in FS Energy & Power, a “high risk, and speculative alternative investment.” The pending complaint alleges damages of $65,000.

A second investor complaint, filed in December 2020, similarly alleges that Mr. Molynar recommended an unsuitable investment in FS Energy & Power while at Ameriprise. The pending complaint alleges damages of $164,000.

A third disclosure on Mr. Molynar’s BrokerCheck report concerns his 2012 suspension by FINRA. According to the regulator’s findings, he “impersonated four customers in order to expedite the transfer of their accounts from his former broker-dealer employer to his new broker-dealer employer,” alleging making phone calls in which he identified himself as the customers and used their personal information. FINRA found that “although the customers had authorized the transfer of their accounts, the customers did not authorize the impersonations.” He was fined $5,000 and suspended from associating with any FINRA member in any capacity for one month.

According to the Financial Industry Regulatory Authority, Rudy Molynar holds 23 years of securities industry experience. Based in Treasure Island, Florida, he has been a broker and an investment advisor with Ameriprise Financial Services since 2009. He is also registered with the firm’s office in New Port Richey, Florida. His past registrations include Securities America, AIG Retirement Advisors, the Variable Annuity Marketing Company, and Public Employees Equities Services Company. His credentials include the passage of four securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 49 state licenses. (Information current as of September 14, 2022.)

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