The law firm of Oakes & Fosher is presently investigating the possible misconduct of former securities broker Cheryl George. According to her publicly available FINRA BrokerCheck report, Cheryl George has been the subject of a FINRA sanction.

Cheryl George was a New York based securities broker. She worked in the securities industry for seventeen years. During her career, she was registered with four different securities firms. She is no longer working as a registered securities broker in any fashion.

Her Registrations

  • M&T Securities (2000-2001)
  • Citigroup Global Markets (2001-2009)
  • Morgan Stanley (2009)
  • RBC Capital Markets (2009-2018)

The Allegations

Cheryl George was sanctioned by FINRA in July of 2018. The findings in this matter state that Cheryl George allegedly completed a wire transfer for an individual claiming to be one of her customers. Without receiving written or verbal authorization, she allegedly sold securities from the actual client’s account in order to generate the funds for the transfer. The customer’s email account had been hacked by an unknown individual who requested $33,000 to be transferred to a third party contractor for home improvements. Cheryl George allegedly executed transactions to liquidate a total of $42,980. She then allegedly inaccurately marked the transaction tickets as unsolicited while also failing to mark them as discretionary. She also allegedly told her firm that she received the instructions verbally, when of course she had received them via email. Due to these allegations against her, she was fined $5,000 and suspended from acting as a securities broker in any fashion for a period of twenty days.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Cheryl George, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.