Cheryl George Sanctioned By FINRA For Sales Practice Violations
The Wolper Law Firm is currently investigating claims against Cheryl George, a former Financial Advisor at RBC Capital Markets, LLC. Cheryl George has been in the securities industry since 2002 and previously worked for Morgan Stanley and Citigroup
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on July 30, 2018, Cheryl George was sanctioned by FINRA for taking wire instructions from a non-account owner and selling securities within a customer’s account without authorization in order to make said wire transfer. In addition, Cheryl George mismarked trades as unsolicited when they were actually solicited transactions. These alleged acts of misconduct caused RBC to maintain inaccurate books and records.
In addition, in March 2018, Cheryl George was terminated by RBC for “Violation of firm policies including the Employee Alteration and Execution of Client Documents policy.” Altering client documents is a significant violation of firm and regulatory policy.
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. In addition, Financial Advisors must first obtain authorization from their customers before placing trades in a customer account. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
If you or someone you know was a customer of Cheryl George, and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at firstname.lastname@example.org to discuss your specific situation and the legal options available. The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.
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. Simply put, he knows how the other side evaluates cases, which gives you a competitive advantage.