Richard Routie: FINRA Bars Ex-Cetera, Ameriprise Advisor

Former Orlando, Florida financial advisor Richard Routie (CRD# 4379905) was recently sanctioned and suspended in connection with allegations that he borrowed money from clients. Financial Industry Regulatory Authority records show that he was most recently registered as a broker with Cetera Financial Specialists, before which he was registered with Ameriprise Financial Services.

A Letter of Acceptance, Waiver, and Consent (No. 2023079368801) describes FINRA’s disciplinary action against Mr. Routie. Filed in December 2025, it states that the matter arose from FINRA’s investigation into whether he “borrowed money from customers.” As part of this investigation, FIRNA sent him a request to provide on-the-record testimony. Some weeks later, according to the letter, he indicated to FINRA via counsel that he had received the request but would not appear for the requested testimony.

FINRA found that Mr. Routie’s refusal violated FINRA Rule 8210. Under this rule, FINRA may require any person under its jurisdiction to “to provide information orally … and to testify at a location specified by FINRA staff, under oath or affirmation administered by a court reporter or a notary public if requested, with respect to any matter” connected with its investigation. The rule states further that persons under FINRA jurisdiction may not fail to provide the requested information. As the letter notes, violations of Rule 8210 are also considered violations of Rule 2010, under which persons associated with FINRA members must “observe high standards of commercial honor and just and equitable principles of trade” while performing their business. As a result of these findings, FINRA barred Mr. Routie from associating with any FINRA member in all capacities.

In addition to describing the enforcement action against Mr. Routie, the Letter states that in July 2023, Ameriprise disclosed his resignation from the firm. More specifically, the firm disclosed to FINRA that he had filed his resignation “while under review for potential violations of company policy, including texting with a client.”

According to the Financial Industry Regulatory Authority, Richard Routie holds 18 years of securities industry experience. Most recently based in Orlando, Florida, he was last registered as a broker with Cetera Financial Specialists from 2023 until 2025. His registration history includes Ameriprise Financial Services, Chase Investment Services, Edward Jones, and PFS Investments. His credentials include the passage of six securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Combined State Law Examination, or Series 66; the Uniform Securities Agent State Law Examination, or Series 63; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; and the Investment Company Products/Variable Contracts Principal Examination, or Series 26. He is no longer licensed with any state or firm. (Information current as of December 13, 2025.)

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