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Cheryl Young Allegedly Purchased Unsuitable Mutual Fund

Sep 13, 2022 Mutual Fund Fraud

Cheryl Young (CRD #: 3065471), a broker registered with Rockefeller Financial, was involved in a recent dispute, according to her BrokerCheck record, accessed on August 21, 2022. Investors may have also worked with her through Rockefeller Capital Management. Read on to learn more about her conduct as a broker.

Investor Dispute

On May 3, 2022, an investor alleged that Cheryl Young purchased an unsuitable mutual fund, as well as other unspecified allegations. This dispute is currently pending.

Mutual funds can be unsuitable for a variety of reasons. For instance, a class of mutual fund shares might be unsuitable if the investor qualified for a more affordable fund.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to consider investors’ financial goals when recommending investments. Brokers must examine the information contained in an investor’s profile, such as their tax status, risk tolerance, and overall financial situation.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recoup their losses through FINRA arbitration.

Background Information

Cheryl Young has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 31 – Futures Managed Funds Examination
  • Series 7 – General Securities Representative Examination
  • Series 9 – General Securities Sales Supervisor – Options Module Examination
  • Series 10 – General Securities Sales Supervisor – General Module Examination

Cheryl Young is a registered broker in 31 states and the District of Columbia. She is also a registered investment adviser in California and Texas.

She has also worked for the following firms:

  • Morgan Stanley (CRD#:149777)
  • Raymond James Financial Services Advisors (CRD#:149018)
  • Raymond James Financial Services (CRD#:6694)
  • UBS Financial Services (CRD#:8174)
  • Ameriprise Financial Services (CRD#:6363)
  • IDS Life Insurance Company (CRD#:6321)

Kurta Law Can Help

If you worked with Cheryl Young and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want 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.