Stacy Cheney-Jamison (CRD#: 4318631) is a former registered broker and investment advisor. Ms. Cheney-Jamison has been associated with CUNA Brokerage Services (2016-2017), IFS Securities (2015), First American Securities (2013-2015), Valic Financial Advisors (2009-2013), and several other brokerage firms. Over the past decade, she has been based in Boca Raton, FL and Atlanta, GA.
On May 5th, 2018, Stacy Cheney-Jamison was barred from the securities industry for her failure to cooperate with an investigation into alleged undisclosed private securities transactions and potential theft of investor funds. The intentional failure to cooperate with investigators is a direct violation of FINRA Rule 8210. This broker consented to the penalties without admitting to any wrongdoing.
Civil Securities Lawsuit: Stacy Cheney-Jamison
The FINRA sanctions in this case are related to a civil lawsuit that was filed in March of 2018 by two former customers of Ms. Cheney-Jamison. These investors allege that this broker stole their retirement savings. More specifically, in a Georgia state court, the investors filed a legal claim alleging that this broker:
- Violated Georgia law;
- Breached fiduciary duties; and
- Made unauthorized transactions.
In total, the investors, a husband and wife, contend that they sustained $350,000 in damages. Notably, Ms. Cheney-Jamison is defending the lawsuit and she denies any wrongdoing. In accepting FINRA’s proposed sanctions, Mr. Cheney-Jamison neither admitted nor denied the alleged misconduct.
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