April 11, 2014
FINRA AWC
Former Ameriprise Financial Services, Inc., Ameritas Investment Corporation, and NDX Trading, Inc. stockbroker Douglas Frank Cmelik (CRD#2850522) of Lincoln, Nebraska who upon information and belief did business as Central Financial Services, was recently given a fine of $10,000 and a 60 day suspension from associating with any member of the Financial Industry Regulatory Authority (FINRA) for violating securities industry rules. On April 7, 2014, Cmelik entered into a Letter of Acceptance, Waiver and Consent (No. 2011027047201) with FINRA whereby he was sanctioned as a result of FINRA’s allegation that he improperly marked order tickets for penny stock purchases as “unsolicited” when, in fact, the purchases were solicited. The alleged conduct was said to have occurred while Cmelik was employed by Ameriprise Financial and affected 65 clients who placed 133 orders to purchase penny stocks. FINRA alleged that Cmelik’s conduct violated NASD Conduct Rule 3110 and FINRA Rule 2010.