Cathy Bramlett: Thrivent Advisor Sanctioned

Dodgeville, Wisconsin financial advisor Cathy Bramlett (CRD# 2063221) was recently sanctioned in connection with allegations that she recommended an unsuitable trade. Financial Industry Regulatory Authority records show that she is registered as a broker and an investment advisor with Thrivent Investment Management.

Ms. Bramlett’s BrokerCheck report discloses the recent disciplinary action against her. Filed by the State of Wisconsin Office of the Commissioner of Insurance, it alleged that she recommended an unsuitable insurance transaction. The Office issued her a fine of $5,000.

In a statement included with the sanction’s disclosure, Ms. Bramlett defended herself against the allegations. “In agreeing to the entry of the Stipulation and Order, I did not admit to any wrongdoing,” she wrote. “I made the recommendations at issue after multiple meetings with the client, and at the time I believed that the recommendations I made were consistent with the investment objectives, financial goals, and financial situation. The client selected a recommended option which I understood met their financial goals and needs.”

According to the Financial Industry Regulatory Authority, Cathy Bramlett holds 34 years of securities industry experience. Based in Dodgeville, Wisconsin, she has been registered as a broker and an investment advisor with Thrivent Investment Management since 2002 and 2020, respectively. Her past registrations include Lutheran Brotherhood Securities Corporation (Minneapolis, Minnesota; 1990-2002), MetLife Securities (Springfield, Massachusetts; 1990), and Metropolitan Life Insurance Company (New York, New York; 1990). Her credentials include the passage of five 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; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. She is licensed in Florida, Illinois, Iowa, Kentucky, Minnesota, North Carolina, Texas, and Wisconsin. (Information current as of June 22, 2024.)

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