Allegations Against Sung Cho

FINRA started its own investigation into Sung Cho after being fired by Citigroup Global Markets in April 2026.  FINRA alleged that it was investigating allegations as to “whether Cho misappropriated customer funds, forged customer signatures, and falsified firm documents while associated with Ameriprise and Citigroup”.  Cho did not cooperate with FINRA’s investigation, and as such, he was barred under FINRA Rule 8210. 

Citigroup disclosed on BrokerCheck that Cho removed “customer personally identifiable information from firm systems to create non-firm generated statement that was provided to a client as well as refusal to cooperate with an internal investigation”.  In essence, it appears that this advisor was creating statements that were not approved by Citigroup, a sign that he was selling investments that were not approved by Citigroup.

Background on Sung Moo Cho

Sung Cho was licensed with Citigroup Global Markets from October 2025 to April 2026.  He was also previously licensed with Ameriprise Financial Services from January 2021 to October 2025 and worked in a New York, NY office.  He was also the subject of a customer complaint in 2009.

Are Ameriprise and Citigroup Potentially Liable for Customer Losses?

FINRA standards provide that brokerage firms like Ameriprise and Citigroup must reasonably supervise the activities of their financial advisors.   Firms that fail to do so could be responsible for investor losses. 

Israels & Neuman Helps Investors in New York

We represent investors throughout the United States as well as New York, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  If you were a client of Sung Moo Cho and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View BrokerCheck Report
• View FINRA AWC

Contact Israels & Neuman for a Free Case Evaluation

Call us today at (720) 599-3505 or (206) 795-5798 or fill out our contact form to learn more about your rights.

Allegations Regarding the Termination

Powell was fired by Ameriprise Financial Services in June 2025 regarding allegations “for Firm policy violations, including those related to outside business activities and financial planning fees”.  When individuals are terminated by their brokerage firm for cause, the firm is required to file a form (called a Form U-5) with regulators that explains why the advisor was fired. 

Background on Cedric Joe Powell

Cedric Joe Powell was licensed with Ameriprise Financial Services from June 2021 to June 2025.  He previously worked with Northwestern Mutual from 2004 to June 2021.  He was the subject of four customer complaints regarding his time at Northwestern Mutual.  He now operates an investment advisory firm called Powell Wealth.

Is Ameriprise Financial Services Potentially Liable for Powell’s Conduct?

FINRA standards provide that brokerage firms like Ameriprise Financial Services must reasonably supervise the activities of their financial advisors.   Firms that fail to do so could be responsible for investor losses. 

We Help Investors in Florida

We represent investors throughout the United States including Florida, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. If you were a client of Cedric Powell and believe your financial advisor acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Powell’s BrokerCheck Report

Contact Our Attorneys for a Free Case Evaluation

Call us today at (720) 599-3505 or (206) 795-5798

SAN ANTONIO, TEXAS Are you a former customer of financial advisor Eric Anthony Dupre from San Antonio, Texas? The securities and investment fraud law firm of Israels & Neuman is reviewing allegations made against this advisor. He was fired by Ameriprise Financial Services in March 2024.

Ameriprise terminated Mr. Dupre in December 2023. According to BrokerCheck, he allegedly borrowed money from clients, which is generally not allowed under FINRA Rules. Additionally, he has been the subject of a $4 million customer complaint, in which the customer alleges that Dupre recommended to the customer to make cryptocurrency investments and other unsuitable investments.

Eric Anthony Dupre had been with Ameriprise from June 2020 to December 2023. He worked in a San Antonio, Texas branch office, and was previously with Raymond James.

Ameriprise is a FINRA member firm and must have written supervisory and compliance procedures, under securities rules and regulations. If the firm failed to reasonably supervise its financial advisors, it may be liable for customer losses.

Our firm has represented numerous investors throughout Texas and have sued many brokerage firms in the past.

View BrokerCheck report here.

If you lost money with Eric Anthony Dupre or Ameriprise, please Contact Us at 206-795-5798 for a free evaluation of your case.