Ameriprise Financial Advisor Vincent Ferrara Jr. Subject of Customer Dispute Alleging Misappropriation of Customer Funds

• October 19, 2025
• Ameriprise Financial Services
• Merrill Lynch

Vincent Thomas Ferrara Jr. (CRD#: 1791902) is a registered broker and investment advisor with Ameriprise Financial Services, LLC in Garden City, NY.

Broker’s History

He entered the securities industry in 1988 and previously worked with Sherwood Capital, Inc.; J.T. Morgan & Co., Inc.; The Prudential Insurance Company of America; Pruco Securities Corporation; Financial Horizons Securities Corporation; Citicorp Investment Services; Citigroup Global Markets Inc.; and Merrill Lynch, Pierce, Fenner & Smith Incorporated.

Current and Past Allegations of Conduct Leading to Investment Loss

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in September 2025, Vincent Ferrara became the subject of a customer dispute alleging, “misappropriation of funds.” The damage amount requested is $2,000,000.00 and the customer dispute is still pending.

In addition, Vincent Ferrara has been the subject of three other FINRA disclosures:

• December 2010—“ PL 220.06 05 DF Criminal Possession of a Controlled Substance in the 5th Degree: Cocaine.” Disposition: Dismissed.
• April 2001—“ THE CLIENT ALLEGES TAHT “AT NO TIME WAS [SHE] EVER INFORMED THAT A “CALL” ORDER ON THESE FUNDS WAS EVEN A REMOTE POSSIBILITY.” The damage amount requested was $31,209.50 and the customer dispute settled.
• March 2000—“ CLIENT ALLEGES THAT MR. FERRARA NEVER INFORMED HER THAT THERE WERE ANY CHARGES ON THE ANNUITY IF SHE CASHED IT IN BEFORE A CERTAIN NUMBER OF YEARS. CLIENT ALSO ALLEGES THAT ALTHOUGH SHE INFORMED MR. FERRARA THE MONEY THE MONEY WAS OBTAINED FROM THE SURRENDER OF A LIFE INSURANCE CONTRACT HE SAID THERE WOULD BE NO TAX ON THE MONEY.” The damage amount requested was $6,000.00 and the customer dispute was denied.

For a copy of Vincent Ferrara’s FINRA BrokerCheck, click here.

We Help Investors Recover Investment Losses

FINRA Rule 2150 specifically addresses theft and conversion in a customer account, stating “no member or person associated with a member shall make improper use of a customer’s securities or funds.”  This rule includes any “guarantee” that brokers make to customers in relation to losses incurred in a brokerage account.

In addition, FINRA Rule 3240 strictly prohibits a financial advisor from borrowing money from a client absent from unique circumstances, such as a familial relationship between the Financial Advisor and the client.  There is also an exception if the client is a financial institution regularly engaged in the business of lending.  The reason for this prohibition is clear—borrowing money from clients creates an immediate conflict of interest and can potentially lead to theft or conversion of client assets.

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at (800) 931-8452 or by email at mwolper@wolperlawfirm.com.