Goodman & Nekvasil P.A., May Recover Investor Losses – Cheryl Lynn Wallace (Cheryl Wallace) a/k/a Cheryl Lynn Grande and Cheryl Lynn Williams Barred from Securities Industry and Fired by Ameriprise Financial Services, Inc.
From 2015 until Cheryl Wallace’s firing in 2016, Cheryl Wallace was licensed with Ameriprise Financial Services, Inc. Cheryl Wallace was previously licensed with Edward Jones. According to FINRA’s records, Cheryl Wallace was fired by Ameriprise Financial Services, Inc. on February 29, 2016. Ameriprise Financial Services, Inc. reported to FINRA that Cheryl Wallace was accused of allegedly failing to follow clients’ instructions, communicating incorrect information to the client and using discretion on trades in the accounts.
Subsequent to Cheryl Wallace’s firing by Ameriprise Financial Services, Inc., FINRA investigated Cheryl Wallace and brought a disciplinary action against Cheryl Wallace. Cheryl Wallace was barred from the securities and investment banking industry by the Financial Industry Regulatory Authority (FINRA) on October 3, 2016. FINRA reports that Cheryl Wallace failed to respond to FINRA request for information.
FINRA reports that a complaint was filed involving Cheryl Wallace’s conduct with Edward Jones, with the clients alleging that they were not made aware of the potential tax implications for liquidating the annuity held with AIG. This complaint was settled.
If you lost any money on investments with Cheryl Wallace, you may be able to recover your losses from Ameriprise Financial Services, Inc and/or Edward Jones. This is because Ameriprise Financial Services, Inc. and Edward Jones had a duty to supervise Cheryl Wallace.
If you lost money on investments with Cheryl Wallace and believe 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 against Ameriprise Financial Services, Inc. and/or Edward Jones concerning Cheryl Wallace’s 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.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $300 million on behalf of victimized investors. If you lost money on investments with Cheryl Wallace 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.
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