FRANCIS JOSEPH VELTEN, JR.

03/31/2022: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS Department of Enforcement, Complainant, v. Francis Joseph Velten (CRD No. 2291911), Respondent Disciplinary Proceeding No. 2020066032801 COMPLAINT The Department of Enforcement alleges: SUMMARY 1. Respondent Francis Joseph Velten failed to respond in any way to FINRA’s requests for information made pursuant to FINRA Rule 8210. As a result, Velten violated FINRA Rules 8210 and 2010. RESPONDENT AND JURISDICTION 2. Velten, through his association with Ameriprise Financial Services, LLC (CRD No. 6363) (“Ameriprise”) was registered with FINRA as a general securities sales supervisor and general securities representative from January 27, 2020 to April 28, 2020. Velten resigned from Ameriprise after the firm asked him about the allegations described in paragraph 5. 3. Previously, Velten was registered with FINRA in those same capacities through his association with Summit Brokerage Inc. (CRD. No. 34643) (“Summit”) from 2006 through 2018.

07/19/2022: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, v. FRANCIS JOSEPH VELTEN (CRD No. 2291911), Respondent. Disciplinary Proceeding No. 2020066032801 Hearing Officer-DDM DEFAULT DECISION July 19, 2022 Respondent is barred from associating with any FINRA member firm in any capacity for failing to comply with requests for information and documents during a FINRA investigation, in violation of FINRA Rules 8210 and 2010.

Reference 2020066032801data-portal.finra.orgfinra.orgdata-portal.finra.org