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Investor Alleges Cheryl Squier Failed to Observe a Stop Sell Order

Cheryl Squier (CRD #:2198681), a registered broker and investment advisor with D.A. Davidson & Co, is involved in an investor dispute, according to her BrokerCheck record, accessed on October 27, 2021. Keep reading for more details regarding the allegations.

Investor Allegations

On August 19, 2021, an investor filed a dispute alleging that Cheryl Squier neglected to cancel an open sell stop order, which resulted in the stock being sold.

What is a Stop Order?

A stop order is an order to buy or sell a security when it reaches a predetermined price, limiting the investor’s loss, or locking in a profit. Once the stock reaches the predetermined price, the stop order becomes a market order. FINRA recommends the use of stop orders as a tool for managing market risk. According to FINRA Rule 5350(a), registered members are obliged to accept a stop order or stop-limit order in security. 

The dispute is still pending.

Cheryl Squier Background Information

Cheryl Squier has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Cheryl Squier is a registered broker in 18 states. She is a registered investment adviser in Colorado and Texas. 

Besides D.A. Davidson & Co, Cheryl Squier has worked with the following firms:  

  • Wells Fargo Clearing Services (CRD#:19616)
  • Edward Jones (CRD#:250)
  • SunAmerica Securities (CRD#:20068)
  • Aegon USA Securities (CRD#:13302)
  • Banc One Securities Corporation (CRD#:16999)
  • Liberty Securities Corporation (CRD#:14416)
  • FN Investment Center (CRD#:19631)

Kurta Law Can Help

If you have worked with Cheryl Squier and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or for a free consultation.

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Please contact us today if you would like us to evaluate your potential case.