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FINRA Disciplines New Orleans Financial Adviser Bradley Drude

By June 3, 2015September 20th, 2017News

Bradley Keith Drude of New Orleans submitted an Offer of Settlement to FINRA relating to allegations that he served as an undisclosed executor and beneficiary for a client’s estate.

FINRA began investigating Ameriprise Financial investment advisor Drude in May 2015 relating to findings that he did not disclose that he had been named the executor and a beneficiary in a client’s will, which also granted him power of attorney. FINRA found that Drude had typed up a new will for the customer, who was 91 at the time, and named himself executor and primary beneficiary. The customer’s estate was valued at approximately $3 million.

After the customer’s death, the customer’s secondary beneficiaries and close friends challenged the revised will, arguing that the new will was the result of Drude’s undue influence over his client.

Drude was assessed a deferred fine of $25,000 and his suspension is in effect from June 15, 2015 through December 14, 2015.


Fishman Haygood represents investors who have suffered investment losses in claims against their brokers or financial advisors. Our experienced attorneys have brought securities fraud cases in state and federal courts across the nation, as well as in FINRA arbitration. We work to help investors recoup their losses.

Of course, all cases are different. For that reason, we analyze each client’s matter individually and provide our personalized evaluation only after considering all of the facts and circumstances of all possible claims. If you or someone you know is the victim of securities fraud, please contact a Fishman Haygood lawyer today.

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