Jennifer Guelinas, a Registered Rep with Ameriprise Financial Services in Valparaiso, IN, was barred from the industry for allegedly converting at least $500,000 from the brokerage accounts of senior citizen customers.  She signed, without authorization, wire transfer requests which sent funds from the customers’ accounts to outside bank accounts that she controlled, as well as to third parties.  The customers had not authorized the transfers. 

In addition to signing and processing unauthorized wire transfers, Ms. Guelinas did the same with real estate purchase agreements and a promissory note on senior citizen customers’ behalf.   Apart from these transactions, Ms. Guelinas received compensation from a rental apartment she owned, but failed to disclose the real estate investments, the compensation from the investments or the rental income to her member firm.  She also allegedly failed to disclose material information on her Form U4. This is FINRA Case 2010025098101.   [April 2011 Disc. Actions]