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George Collett is Facing Allegations Regarding a Cherry-Picking Scheme

George Collett (CRD #: 2429645), a previously registered investment adviser with Your Source Financial, is the subject of an SEC regulatory action. This disclosure appears on his BrokerCheck record, accessed on October 18, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations

On September 20, 2024, the SEC announced cease-and-desist proceedings against George Collett following allegations that he failed to implement policies designed to prevent violations of the Advisers Act. This failure allegedly allowed another associated person to engage in a multi-year “cherry-picking” scheme. 

As part of the terms of the Order, the SEC issued sanctions of $25,000. 

Background Information 

George Collett 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 
  • Series 7 General Securities Representative Examination  

He has registered with the following firms: 

  • Landoak Securities (CRD #: 41123) 
  • SunAmerica Securities (CRD #: 20068) 
  • The Advisors Group (CRD #: 14035) 
  • American Express Financial Advisors (CRD #: 6363) 
  • IDS Life Insurance Company (CRD #: 6321) 

Kurta Law Can Help 

If you worked with George Collett and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com 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 that 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. Do not let securities fraud go unchecked. Start your recovery process today.

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