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Read MoreVincent Ferrara: Ameriprise Advisor Lands $2mm Complaint
Garden City, New York financial advisor Vincent Ferrara (CRD# 1791902) allegedly misappropriated funds, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Ameriprise Financial Services, having previously been registered with Merrill Lynch.
Mr. Ferrara’s BrokerCheck report discloses several investor complaints. The most recent, filed in September 2025, alleges that as a representative of Merrill Lynch, he misappropriated funds from a customer. The pending complaint alleges damages of $2 million.
Investors should be aware that the misappropriation of investor funds is strictly forbidden by FINRA Rule 2150. This rule stipulates that no FINRA-registered person “shall make improper use of a customer’s securities or funds.” Misappropriation may also be considered a violation of FINRA Rule 2010, which states that brokers like Mr. Ferrara are required “observe high standards of commercial honor and just and equitable principles of trade” in the conduct of their business. Representatives who contravene these rules may be held liable for damages and/or subject to disciplinary action.
An earlier investor complaint, filed in 2001, alleged that as a representative of Citicorp Investment Services, he failed to disclose information to the customer regarding the possibility of a call order. The complaint reached a settlement of “an unknown sum,” according to a statement included with the disclosure.
According to the Financial Industry Regulatory Authority, Vincent Ferrara holds 37 years of securities industry experience. Based in Garden City, New York, he has been registered as a broker and an investment advisor with Ameriprise Financial Services since February 2024. His past registrations include Merrill Lynch, Citigroup Global Markets, Citicorp Investment Services, Financial Horizons Securities Corporation, Pruco Securities, the Prudential Insurance Company of America, JT Moran & Company, and Sherwood Capital. His credentials include the passage of five securities industry qualifying exams: the Uniform Combined State Law Examination, or Series 66; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the General Securities Principal Examination, or Series 24. He holds 29 state licenses. (Information current as of October 14, 2025.)
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