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Tyler Sherwood Allegedly Executed Unauthorized Trades

May 12, 2023 Unauthorized Trading

Tyler Sherwood (CRD #: 6532334), a broker registered with Ameriprise Financial Services, is the subject of a pending dispute, according to his BrokerCheck record, accessed on May 5, 2023. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On February 8, 2023, an investor alleged that Tyler Sherwood executed unauthorized trades between April 27 and October 7, 2021. This dispute is currently pending.

FINRA Rule 3260

FINRA Rule 3260 restricts brokers from exercising their trading discretion beyond pre-approved discretionary accounts. These accounts must be authorized for discretionary trading by both the client and the firm.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of many other rules may also qualify as violations of FINRA Rule 2010.

Background Information

Tyler Sherwood has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Tyler Sherwood is a registered broker and a registered investment adviser in Oklahoma.

He has also worked for the following firms:

  • Raymond James Financial Services Advisors (CRD#:149018)
  • Raymond James Financial Services (CRD#:6694)
  • Ameriprise Financial Services (CRD#:6363)

Kurta Law Can Help

If you worked with Tyler Sherwood and you have concerns about your investments, please contact us today at 877-600-0098 or 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.