Were you the victim of The Strategic Financial Alliance, Inc. broker Cheryl Knight (CRD# 1854248)? She has been registered with The Strategic Financial Alliance, Inc. in Foothill Ranch, California, since 2003.
Cheryl Knight Customer Complaints
She has been the subject of three customer complaints between 2006 and 2023, one of which was denied, according to her CRD report:
December 2023. “Claimant alleges the firm failed to supervise the registered representative’s recommendations and activities, failing to prevent representative from recommending investments claimant believes were not in her best interest. Claimant further alleges representative did not make her aware of the risks, features, and costs associated with the investments.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint was regarding direct investments, and it took place while he was registered with The Strategic Financial Alliance, Inc.
December 2020. “Client alleges representative made unsuitable recommendations that were contrary to the client’s expressed needs and objectives resulting in limited access to investments due to illiquidity. Client also alleges this resulted in a significant lack of growth in her investments.” The customer sought $5 million in damages, and the case was settled for $165,000. The complaint was regarding variable annuities, direct investments, and real estate securities, and it took place while he was registered with The Strategic Financial Alliance, Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, The Strategic Financial Alliance, Inc. may be liable for investment or other losses suffered by Cheryl Knight’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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