FINRA Fines H&R Block Financial Advisors n/k/a Ameriprise Financial and Andrew MacGill In Connection With Improper Sales of Reverse Convertible Notes

FINRA, Financial Industry Regulatory Authority announced that it was fining H&R Block Financial Advisors, Inc. (n/k/a Ameriprise Advisor Services, Inc.) $200,000 for failing to establish adequate supervisory procedures in connection with the sale of reverse convertible notes. FINRA also fined Andrew MacGill, an advisor of the firm for making unsuitable recommendations to a retired couple.…