oreide Law Group obtained the following information from FINRA’s December 2017 Disciplinary Report.
CHERYLE ANNE BRADY (CHERYLE ANNE TIMMONS) (CRD #2226003, Marshfield, Massachusetts)
was assessed a deferred fine of $7,500 and suspended by FINRA for six months for allegedly falsely stating to her member firm that she had contacted clients prior to trades being placed.R
FINRA’s findings stated that Cheryle Anne Brady’s registered sales assistant placed trades in her clients’ accounts without first obtaining the clients’ approvals. FINRA stated that a member of Brady’s firm’s sales supervision team sent her an email containing a list of the trades and inquired if Brady had spoken with each client on that day. Allegedly, Brady responded that she had spoken to each of the clients, and after each call, she had instructed her sales assistant to place the trades.
According to FINRA, in a conference call with members of the firm’s Legal and Compliance Department, Cheryle Anne Brady reiterated that she had spoken to each client before the trades were placed. Brady later admitted to her firm and FINRA that she did not speak with the clients before the trades were placed.
The suspension is in effect from October 16, 2017, through April 15, 2018.
(FINRA Case #2016051588201)
According to FINRA’s BrokerCheck, which is available to the public, Cheryle Anne Brady has 5 Disclosures on her report, 3 of them are ‘Customer Disputes,’ all have settled. Some of the allegations were: recommending and purchasing unsuitable investments (in two separate disputes), and misrepresenting an equitable annuity. Brady was terminated on September 7, 2016 from Ameriprise Financial for “policy violations including unauthorized trading and use of discretion in non-discretionary accounts.”
Brady was in in the securities industry for 22 years and was listed with 6 firms, the two most recent are listed below:
01/27/2012 – 10/05/2016 AMERIPRISE FINANCIAL SERVICES INC – Hingham, MA
03/11/2002 – 02/08/2012 RBC CAPITAL MARKETS LLC – NORWELL, MA
If you were a client of former Ameriprise of Hingham, Massachusetts, broker Cheryle Anne Brady, and you experienced losses due to her actions or recommendations, call Soreide Law Group and speak to an experienced securities lawyer regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA. We operate on a contingency fee basis, no fee if no recovery.