Cheryl Richardson Tied To MSI Investor Complaint About Misrepresentation

Investors might have sustained losses because of securities broker Cheryl Diane Richardson (also known as Cheryl Diane Johnson) [CRD: 1807190, Freeport, Illinois], according to public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. It appears that Richardson worked for MML Investors Services LLC beginning on March 25, 2017, and previously worked for MSI Financial Services Inc. Read below to learn more about Richardson’s disclosures.

MSI Financial Services Inc. Investor Accused Richardson Of Misrepresentation

Also, on October 12, 2023, an MSI Financial Services Inc. client filed a complaint about Cheryl Richardson. Primarily, the client alleged that Richardson made misrepresentations in connection with variable universal life policies. For this reason, the client allegedly experienced damages. As a result, the client requested $415,000 in compensation from MSI Financial Services Inc. or Richardson. However, the firm denied this complaint.

MML Investors Services LLC Investor Accused Cheryl Richardson Of Omissions

Specifically, a client filed a complaint about Cheryl Richardson. Mainly, the client alleged that Richardson annuitized the client’s variable annuity without explaining risks, and that she illustrated one plan but placed funds elsewhere. Because of this, the client allegedly incurred damages. Therefore, on June 29, 2023, MML Investors Services LLC settled this matter by paying the client $24,513 in damages.

MML Investors Services LLC Investor Accused Richardson Of Making Unsuitable Recommendations

Particularly, on December 26, 2018, an MML Investors Services LLC client filed a complaint about Cheryl Richardson. Primarily, the client alleged that Richardson made unsuitable recommendations of variable annuities. For this reason, the client allegedly sustained damages. Consequently, the client requested compensation from MML Investors Services LLC or Richardson. However, the firm denied this complaint.

Did You Invest With Financial Advisor / Securities Broker Cheryl Richardson?

Do you need clarification on any investment losses relating to Cheryl Richardson? You can get in touch with Soreide Law Group online or at (888) 760-6552 and consult with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country. Also, the firm takes cases on a contingency fee basis and advances all costs. Richardson and brokerage firms Richardson worked for deny accusations of sales practice violations.