Haselkorn & Thibaut has launched an independent investigation into Justin Parker, a financial advisor registered with Ameriprise Financial Services in Itasca, Illinois. If you are a current or former client or have questions about your investments, a confidential and free consultation is available. Read on for an in-depth review and unbiased analysis on the professional background, regulatory disclosures, and red flags relating to Justin Parker (CRD# 4671557).
Who is Justin Parker of Ameriprise Financial Services, Itasca, Illinois?
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With over 17 years of experience in the securities industry, Justin Parker is currently registered as both a broker and investment advisor with Ameriprise Financial Services. He has held these roles since 2008 and 2009, respectively, and maintains licensing in 43 states. Mr. Parker’s credentials include successful completion of major securities exams such as the SIE, Series 7, and Series 66.
Investors often seek professionals with depth of experience and demonstrated knowledge. While Mr. Parker’s experience may check those boxes, recent disciplinary actions suggest that investors should review their accounts and communications carefully.
Regulatory Action: Suspension Over REIT Tender Offer Transactions
In December 2025, the Financial Industry Regulatory Authority (FINRA) completed a disciplinary proceeding against Justin Parker, detailed in a Letter of Acceptance, Waiver, and Consent (AWC No. 2022076380901). According to FINRA’s findings, Mr. Parker:
- Directed 310 unauthorized REIT transactions in 277 customer accounts at Ameriprise.
- Did not obtain written or oral authorization from his clients for these trades.
- Lacked discretionary authority to complete the trades himself.
The activity involved a “modified Dutch Auction” in a non-traded real estate investment trust (REIT) tender offer. The goal was to tender up to $100 million in REIT shares on behalf of shareholders. However, Mr. Parker directed a trader to tender all REIT shares in every customer’s account without permission from those clients.
As a consequence, FINRA:
- Censured Justin Parker
- Suspended him from acting as a broker for 30 calendar days
- Imposed a $2,500 fine
Unauthorized trading is a serious matter, as it undermines the trust clients place in their advisors and can result in unexpected financial consequences or tax implications. Investors affected by this type of violation are strongly encouraged to review their recent account statements and communications relating to any non-traded REITs.
Summary of Public Complaints and Disclosures
| Date | Nature of Disclosure | Resolution/Status |
|---|---|---|
| 2025 | 310 unauthorized trades in customer accounts (AWC with FINRA) | 30-day suspension, $2,500 fine, censure |
| 2009 | Customer complaint alleging failure to liquidate positions, unsuitable recommendations, misrepresentation and omission of material facts, breach of fiduciary duty, negligence | Settled for $25,000 |
According to the most recent BrokerCheck entries, Mr. Parker currently shows:
- One settled customer complaint (filed in 2009, settled for $25,000)
- No customer-initiated arbitration claims or pending civil litigation
- No regulatory actions other than the 2025 FINRA suspension
- No reported criminal, civil judgments, or liens
What Are the Red Flags? What Should Investors Do?
The most concerning red flag involves the 2025 disciplinary action for unauthorized transactions—over 300 in total—spanning nearly 280 customer accounts. This incident demonstrates the potential for account activity undertaken without explicit customer authority, which can expose investors to unexpected market risk, liquidity issues, tax consequences, or losses.
Additionally, the settled 2009 customer complaint highlights allegations of:
- Failure to follow explicit instructions
- Recommendations deemed unsuitable
- Misrepresentation or omission of key facts
- Alleged breach of fiduciary duty and negligence
If you held a non-traded REIT or participated in a tender offer under Mr. Parker’s guidance, or if you have trouble reconciling account activity, it is important to promptly address those concerns.
How to Protect Yourself: Review, Ask Questions, Seek Legal Advice
Haselkorn & Thibaut:
- National securities law firm with over 50 years’ combined experience assisting investors
- 98% success rate and a “no recovery, no fee” policy
- Recovers millions for clients nationwide
As an investor, it’s essential to be proactive. Here’s what you can do:
- Review all recent account statements for unfamiliar trades, especially relating to REITs or tender offers
- Ask your advisor for records of your explicit instructions for any trades
- Contact Haselkorn & Thibaut for a free and confidential review of your investment history and options
You may still have time to act even if the transactions or potential losses were from prior years. Our attorneys can help you determine whether a claim against Ameriprise Financial Services or Justin Parker may be warranted and guide you through the process of recovery—without upfront costs.
Next Steps for Affected Investors
The investigation into Justin Parker of Ameriprise Financial Services is ongoing. If you have experienced suspicious activity, have unanswered questions about your REIT or other non-traded investments, or want a professional review, call Haselkorn & Thibaut at 1-888-885-7162 for a no-obligation consultation.
Investor protection starts with information and decisive action. Your consultation is strictly confidential, and there are no fees unless you recover.
Stay vigilant. Monitor your accounts. Get answers. Your rights as an investor matter, and Haselkorn & Thibaut is here to help protect them.
