Advisor Alert: Our Attorneys Are Investigating Cheryl Lyn Knight For Investment Fraud

Did You Lose Money Because of Cheryl Knight?

Filed: January 30, 2024

Cheryl Knight (also known as Cheri Knight) currently has one (1) pending customer complaint. Overall, she has been the subject of three (3) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on Cheryl Lyn Knight.

Who Is Cheryl Lyn Knight of The Strategic Financial Alliance, Inc.?

  • Advisor Name: Cheryl Lyn Knight
  • Aliases: Cheri Knight, Cheryl Lny Knight
  • CRD: 1854248
  • Location: Foothill Ranch, California
  • Current Employer: The Strategic Financial Alliance, Inc.
  • Previous Firms: IFG Advisory Services Inc. and IFG Network Securities, Inc.
  • Number of Known Customer Complaints: 3
  • Can Cheryl Knight Be Sued: Yes, in Private Arbitration
  • Can Cheryl Knight’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
  • Highest Damages Allegation: $5,000,000
  • Highest Settlement: $165,000

If you have suffered investment losses by Cheryl Knight, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a margin call liquidations lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against Cheryl Knight For Broker Misconduct

As of this publication date, Cheryl Knight has been the subject of 3 customer disputes. Let’s review them below.

In December 2023, a FINRA arbitration was filed against or in reference to Cheryl Knight by a customer of The Strategic Financial Alliance, Inc. alleging 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 the representative did not make her aware of the risks, features, and costs associated with the investments. Per the customer, she lost over $500,000 because of Ms. Knight’s actions. As of this publication date, this claim remains pending.

In December 2020, a FINRA arbitration was filed against or in reference to Cheryl Knight by a customer of The Strategic Financial Alliance, Inc. alleging that Ms. Knight 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. Per the customer, she lost over $5,000,000 because of Ms. Knight’s actions. On April 27, 2022, Ms. Knight settled the claim for $165,000, and some or all of this amount may have been paid by Ms. Knight’s employer and/or insurance carrier.

In May 2006, a complaint was filed against or in reference to Cheryl Knight by a customer of The Strategic Financial Alliance, Inc. alleging that annuity transactions were not suitable.

How To File A Claim Against Cheryl Knight of The Strategic Financial Alliance, Inc. (previously with IFG Advisory Services Inc. and IFG Network Securities, Inc.) To Get Your Money Back

If you have questions about Cheryl Knight, The Strategic Financial Alliance, Inc., IFG Advisory Services Inc., IFG Network Securities, Inc.., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.