John Engler: FINRA Bars Ex-Ameriprise Advisor; $320K Complaint

Former Martinez, Georgia financial advisor John Engler (CRD# 835827) has been barred from associating with any broker-dealer firm. Financial Industry Regulatory Authority records show that he was most recently registered as a broker and an investment advisor with Ameriprise Financial Services, and that he recently received an investor complaint.

A Letter of Acceptance, Waiver, and Consent (No. 2023079884201) issued in April 2024 describes FINRA’s disciplinary action against Mr. Engler. As it explains, on March 5, 2024, the regulator sent him a request to provide on-the-record testimony as part of its investigation into the circumstances leading to a September 2023 disclosure by Ameriprise regarding an investor lawsuit alleging that he made unsuitable investment recommendations and misappropriated funds from her account. According to FINRA, he indicated in a March 12 phone call that he received the request but would not provide the testimony. FINRA concluded that his actions violated FINRA Rule 8210, which requires associated persons to provide such testimony when requested, and FINRA Rule 2010, which requires them to observe high standards of commercial honor. As a result of these findings, FINRA barred Mr. Engler from associating with any member firm in all capacities.

Mr. Engler’s BrokerCheck report discloses one recent investor complaint. Filed in November 2023, it alleges that as a representative of Ameriprise Financial Services, he “recommended unsuitable investments and an aggressive margin strategy” and converted $120,000 in funds for his own personal use. The pending complaint alleges damages of $320,000.

According to the Financial Industry Regulatory Authority, John Engler holds 46 years of securities industry experience. Most recently based in Martinez, Georgia, he was registered with Ameriprise Financial Services from 2014 until 2023. His registration history includes Wells Fargo Advisors (Augusta, Georgia; 2003-2014), Prudential Securities (New York, New York; 1994-2003), and the Robinson-Humphrey Company (Atlanta, Georgia; 1977-1994). His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the AMEX Put and Call Exam, or PC, 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. He has been barred from associating with any FINRA member firm. (Information current as of April 1, 2024.)

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