January 30, 2023

Cheryl Young Discloses Allegations Of Unsuitable Recommendations

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Investors have come forward with complaints about securities broker Cheryl Young (also known as Cheryl Lynn Young and Cheryl Lynn Sitze) (CRD:  3065471, Incline Village, NV). Evidently, the securities broker, who worked for Morgan Stanley, discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Notably, Morgan Stanley and Ameriprise Financial Services clients allege that Young made unsuitable recommendations. For more on these disclosures about Young, see below; however, keep in mind that the securities broker denies all allegations of misconduct.

Cheryl Young Discloses Unsuitable Recommendations Allegations By Morgan Stanley Client

Notably, on May 3, 2022, a Morgan Stanley client filed a complaint about Cheryl Young. Namely, the client alleged that Young made unsuitable recommendations. Because of this, the client allegedly sustained damages. Therefore, the client requested compensation from Morgan Stanley or Young. Evidently, this complaint is denied.

Young Discloses Misrepresentation Allegations By Ameriprise Financial Services Inc. Client

Also, a client of Ameriprise Financial Services Inc. contested Cheryl Young’s sales practices, according to a complaint dated November 12, 2013. Allegedly, Young made unsuitable recommendations, made misrepresentations, and engaged in excessive trading. Supposedly, Young caused the client to sustain damages by investing in mutual funds. Therefore, the client seeks compensatory relief from Ameriprise Financial Services Inc. or Young. However, this complaint is denied.

Ameriprise Financial Services Inc. Investor Accuses Cheryl Young Of Misrepresentation

Additionally, on June 27, 2013, an Ameriprise Financial Services Inc. client filed a complaint about Cheryl Young. Namely, the client alleged that Young made misrepresentations and omissions. Because of this, the client allegedly sustained damages by investing in real estate securities. Therefore, the client requested $48,513.69 in compensation from Ameriprise Financial Services Inc. or Young. Evidently, this complaint is denied.

Young Discloses Unauthorized Trading Allegations By American Express Financial Advisors Client

Also, a client of American Express Financial Advisors contested Cheryl Young’s sales practices, according to a complaint dated February 23, 2004. Allegedly, Young engaged in unauthorized trading. Supposedly, Young caused the client to sustain damages by investing in mutual funds. Therefore, the client sought compensatory relief from American Express Financial Advisors or Young. However, this complaint is closed with no further action by the client.

Cheryl Young Employment Information

  • Young worked for Morgan Stanley in Purchase, NY, as a securities broker from October of 2012 to May of 2022.
  • Young worked for Morgan Stanley in Incline Village, NV, as a financial advisor from October of 2012 to May of 2022.
  • Young has worked for Rockefeller Capital Management in Incline Village, NV, as a financial advisor since May 11, 2022.
  • Young has worked for Rockefeller Financial LLC in Incline Village, NV, as a securities broker since May 11, 2022.

Did Morgan Stanley Securities Broker Young Cause You To Experience Damages?

Did you experience damages through Cheryl Young? You should contact Soreide Law Group at (888) 760-6552 and talk with a securities lawyer about a potential recovery of your investment losses. Soreide Law Group, who has successfully recovered money for many investors throughout the United States, can review your situation and explain your legal options. Also, the firm represents clients on a contingency fee basis and advances all costs. Young and brokerage firms Young worked for deny any and all allegations of sales practice violations.

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