Goodman & Nekvasil P.A., May Recover Investor Losses – Cheryle Anne Brady (Cheryle Brady) a/k/a Cheryle Anne Timmons, Fired by Ameriprise Financial Services, Inc. and Suspended from Securities Industry
From 2012 until Cheryle Brady’s firing in 2016, Cheryle Brady was licensed with Ameriprise Financial Services, Inc. Cheryle Brady was previously licensed with RBC Capital Markets, LLC. According to FINRA’s records, Cheryle Brady was fired by Ameriprise Financial Services, Inc. on September 7, 2016. Ameriprise Financial Services, Inc. reported to FINRA that Cheryle Brady was fired for policy violations including unauthorized trading and use of discretion in non-discretionary accounts.
Subsequent to Cheryle Brady’s firing by Ameriprise Financial Services, Inc., FINRA investigated Cheryle Brady and brought a disciplinary action against Cheryle Brady. Cheryle Brady was fined $7,500 and suspended from the securities and investment banking industry for 6 months by the Financial Industry Regulatory Authority (FINRA) on October 6, 2017. FINRA reports that Cheryle Brady consented to the sanction, and to the entry of findings that Cheryle Brady’s registered sales assistant placed ten trades in nine of Cheryle Brady’s customers’ accounts without first obtaining the customers’ approval.
The findings stated that a member of Cheryle Brady’s member firm’s sales supervision team sent Cheryle Brady an email containing a list of the ten trades and inquired if Cheryle Brady had spoken with each customer on that day. According to FINRA, Cheryle Brady responded that Cheryle Brady had spoken to each of the customers and after each call Cheryle Brady had instructed Cheryle Brady’s sales assistant to place the trades. According to FINRA, in a conference call with members of the firms Legal and Compliance Department, Cheryle Brady reiterated that Cheryle Brady had spoken to each customer before the trades were placed. According to FINRA, Cheryle Brady’s statements to Cheryle Brady’s firm were false. According to FINRA, Cheryle Brady did not speak with the customers before the trades were placed and Cheryle Brady later admitted this fact to Cheryle Brady’s firm and to FINRA.
FINRA also reports that two previous complaints and/or arbitration claims were filed involving Cheryle Brady’s conduct with UBS Financial Services, Inc. These complaints and/or arbitration claims both settled.
If you lost any money on investments with Cheryle Brady, while Cheryle Brady was employed with Ameriprise Financial Services, Inc., you may be able to recover your losses from Ameriprise Financial Services, Inc. This is because Ameriprise Financial Services, Inc. had a duty to supervise Cheryle Brady.
If you lost money on investments with Cheryle Brady 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. concerning Cheryle Brady’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 Cheryle Brady 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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