FINRA Reportedly Bars Stacy Cheney- Jamison for Refusal to provide Testimony
The White Law Group continues to investigate potential claims involving Stacy Cheney- Jamison and the liability her employers may have for failing to properly supervise her.
According to the Financial Industry Regulatory Authority (FINRA) on May 9, the regulator has barred Stacy Cheney-Jamison from the securities industry.
According to the Letter of Acceptance Waiver and Consent signed on April 12, FINRA was investigating allegations regarding Cheney-Jamison’s involvement in private securities transactions and falsification of client account forms. On April 5, 2018, FINRA staff reportedly sent a request to Cheney-Jamison for information and documents.
As stated in an email from her attorney to FINRA staff on April 9, 2018, Chency-Jamison acknowledges FINRA’s request and allegedly refuses to provide information and documents as requested. Consequently, Cheney- Jamison has been barred from association with any FINRA member in any capacity.
Earlier this week we told you that Cheney-Jamison was named in a lawsuit in Atlanta, GA. A couple in Cobb County is accusing Cheney- Jamison and an associate of diverting $330,000 of their retirement funds in an alleged fraud scheme.
According to her FINRA BrokerCheck report, Cheney-Jamison worked for CUNA Brokerage Services from August 2016 to August 2017, when she was purportedly permitted to resign during an investigation into the disappearance of the Rays’ retirement funds, according to the couple’s complaint. She has two customer complaints listed on her broker report.
Investigating Potential Claims
The White Law Group continues to investigate the liability her employers may have for failing to properly supervise Stacy Cheney-Jamison.
When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.
Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
If you suffered losses investing with Stacy Jamison, the securities attorneys of The White Law Group may be able to help. For a free consultation with a securities attorney, please call 888-637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on The White Law Group, visit www.WhiteSecuritiesLaw.com.