Cheryl Knight In SFA Investor Disputes Over Alleged Misrepresentation

Investors possibly experienced losses because of securities broker Cheryl Lyn Knight (also known as Cheri Knight) [CRD: 1854248, Foothill Ranch, California], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Cheryl Knight started working at The Strategic Financial Alliance Inc. on November 12, 2003. Keep reading to learn more about the disclosures involving Cheryl Knight and the potential impact on investors.

The Strategic Financial Alliance Investor Accused Knight Of Unsuitable Recommendations

Specifically, on December 1, 2023, a client of The Strategic Financial Alliance Inc. filed FINRA Arbitration No. 23-03429 concerning Cheryl Knight. The client alleged failure to supervise and omissions of features, risks, and costs associated with direct investments. The client is seeking $500,000 in compensation from The Strategic Financial Alliance Inc. This arbitration is currently pending resolution.

Cheryl Knight Disclosed Allegations Of Unsuitable Recommendations And Illiquidity Issues

Particularly, a The Strategic Financial Alliance Inc. client filed FINRA Arbitration No. 20-03839 about Cheryl Knight. Evidently, the client alleged unsuitable recommendations. Because of this, the investor supposedly sustained damages on variable annuities, direct investments, and real estate securities. As a result, on April 27, 2022, The Strategic Financial Alliance Inc. settled this matter by paying the client $165,000 in damages.

Knight Accused Of Unsuitable Annuity Recommendations By The Strategic Financial Alliance Inc. Client

Also, a client of The Strategic Financial Alliance Inc. contested Cheryl Knight’s sales practices, according to a complaint dated May 15, 2006. Notably, the investor alleged unsuitable trading. Allegedly,  Knight allegedly caused the client to sustain damages on variable annuities. Therefore, they sought damages from The Strategic Financial Alliance Inc. or Knight. However, the firm denied the complaint.

Did You Sustain Losses Because Of Securities Broker Cheryl Knight?

Have you incurred losses due to Cheryl Knight? You could get in touch with Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group investment loss attorneys assist individuals throughout the United States, work on a contingency fee basis, and advance all costs. Knight and brokerage firms Knight worked for deny accusations of sales practice violations.