Haselkorn & Thibaut Opens Investigation Into Richard Routie, Former Cetera Financial Specialists and Ameriprise Financial Services Advisor in Orlando, FL
Haselkorn & Thibaut (investmentfraudlawyers.com), a national law firm dedicated to representing investors, has opened a formal investigation into the activities of Richard Routie (CRD# 4379905), a former financial advisor previously registered with Cetera Financial Specialists and Ameriprise Financial Services in Orlando, Florida. If you invested with Richard Routie or have concerns about your accounts, please know that you are not alone, and Haselkorn & Thibaut is available to provide a complimentary and confidential case review. Our team brings over 50 years of combined experience, a 98% success rate, and millions recovered for clients nationwide. Call today for a free consultation: 1-888-885-7162. No recovery, no fee.
Background of Richard Routie (CRD# 4379905)
Table of Contents
Richard Routie began his securities industry career in 2003 and over an 18-year period was registered with several well-known firms, most recently:
- Cetera Financial Specialists (2023–2025)
- Ameriprise Financial Services (2021–2023)
His earlier positions included time with Chase Investment Services, Edward Jones, and PFS Investments. Routie built significant experience, having passed key industry qualifying exams, including the SIE, Series 7, Series 6, Series 26, Series 63, and Series 66. However, as of late 2025, he is no longer registered with any brokerage firm or hold any active securities licenses.
Why Is Richard Routie Under Scrutiny?
The Financial Industry Regulatory Authority (FINRA BrokerCheck) records indicate that Richard Routie’s career took a concerning turn in 2025, after attention from FINRA prompted a formal investigation into his activities while associated with Cetera Financial Specialists and Ameriprise Financial Services.
According to FINRA’s regulatory filings, Routie was alleged to have borrowed money from clients—a practice that raises serious questions about ethical and compliance practices in the securities industry. When FINRA requested on-the-record testimony regarding this matter, Routie, through legal counsel, declined to participate. This refusal violated FINRA Rule 8210, which is designed to obligate all industry professionals to cooperate with regulatory inquiries. Because this rule is a cornerstone of FINRA’s oversight structure, non-compliance also constituted a breach of Rule 2010, which requires “high standards of commercial honor and just and equitable principles of trade.”
Consequently, FINRA barred Richard Routie from associating with any FINRA member firm in all capacities. This bar is one of the most severe regulatory actions FINRA can impose, emphasizing the seriousness of the underlying concerns.
Key Regulatory History and Red Flags
| Advisor Name | CRD | Broker-Dealer(s) |
|---|---|---|
| Richard Routie | 4379905 |
Cetera Financial Specialists Ameriprise Financial Services |
- Banned by FINRA in 2025 for refusing to cooperate with a regulatory investigation related to alleged client loans.
- Resigned from Ameriprise in July 2023, while under review for firm policy violations, including texting with a client.
A Complete Review of Complaints and Legal Actions
While the recent regulatory action is noteworthy, it is important for investors to have a complete picture. Our thorough due-diligence review, conducted using primary sources such as FINRA BrokerCheck, SEC databases, and federal and state court records, yielded the following:
- No customer complaints or arbitrations have been reported against Richard Routie.
- No civil lawsuits naming Routie as a defendant (checked via PACER and related platforms).
- No SEC enforcement actions or cease-and-desist letters under his name.
- No state regulatory actions or attorney general notices.
- No bankruptcy, criminal, or negative financial disclosures reported to regulators.
- No media reports or class action filings involving Mr. Routie and his former employers.
Summary Table of Findings:
| Item | Disclosure |
|---|---|
| Customer Complaints/Arbitrations | None found |
| Regulatory Actions (other than FINRA bar) | None found |
| SEC Actions | None found |
| Civil Lawsuits | None found |
| Criminal Disclosures | None found |
| Financial Judgments/Bankruptcies | None found |
What Should Investors Know?
Investors with former advisor Richard Routie and past business through Cetera Financial Specialists or Ameriprise Financial Services deserve clarity on the FINRA findings and what they mean for their personal investments. Although the record indicates no public complaints or lawsuits, the fact that FINRA has issued a bar for noncooperation in an investigation into alleged improper borrowing from clients is a serious regulatory red flag.
Simple steps you may want to consider:
- Review your investment accounts for any unusual activity or unauthorized transactions.
- Document any communications you had with your advisor that made you uncomfortable or seemed unusual.
- Consult with an attorney experienced in investment fraud and securities industry regulations.
Haselkorn & Thibaut is here to help. Our attorneys know these processes inside and out, and will review your case at no charge to you. If we take your case, there’s no fee unless we recover funds for you.
Time to Act
If you have concerns about your investments with Richard Routie, Cetera Financial Specialists, or Ameriprise Financial Services—even if you have not noticed obvious losses or have not been contacted about the investigation—reach out now for guidance on your financial rights. Our investigation is ongoing, and prompt action preserves your legal options as an investor.
Contact Haselkorn & Thibaut today for a FREE, confidential consultation at 1-888-885-7162. Let us help you understand your situation and explore the best path forward. Remember: No recovery, no fee.
