Cecil Allen Ross (Cecil Ross) – Financial Advisor/Broker Cecil Ross Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Cecil Ross was a formerly licensed financial advisor with LPL Financial LLC. Cecil Ross is currently licensed with International Assets Advisory, LLC. FINRA reports that Cecil Ross was fined $5,000 and suspended from the securities industry for four months in December 2019.
According to FINRA Allegations:
Cecil Ross consented to the sanctions and to the entry of findings that he engaged in an unsuitable pattern of short-term trading in Unit Investment Trusts (UITs) in customers’ accounts. The findings stated that despite the costs associated with purchasing units in new UITs, Cecil Ross recommended that most of his customers sell and roll over their positions in UITs after less than one year. Cecil Ross’ recommendations, which caused his customers to incur unnecessary excess sales charges, were unsuitable considering the frequency and cost of the transactions. Cecil Ross’ member firm has agreed to pay restitution to customers relating to the early sale of UITs pursuant to a settlement with the Securities and Exchange Commission.
Goodman & Nekvasil, P.A. May Recover Investor Losses with Cecil Ross
If you lost any money on investments with Cecil Ross, you may be able to recover your losses. If you lost money on investments with Cecil Ross and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Cecil Ross’ conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Cecil Ross and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 12/26/2019 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.
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