Former Cuna Brokerage Services Broker Stacy Cheney-Jamison Under Investigation After Customer Files Investment Fraud Claim

Silver Law Group is investigating former Cuna Brokerage Services broker Stacy E. Cheney-Jamison after a customer filed an investment fraud claim against the brokerage firm.

In March 2018, a customer filed an arbitration complaint against Cuna Brokerage Services (“Cuna”) in Georgia.  The customer complaint alleges several counts of wrongdoing, including breach of fiduciary duty and breach of contract, unauthorized transactions, violation of the Georgia RICO Act, and violations of the Georgia Securities Act. The complaint alleges $350,000 in damages.

The FINRA arbitration claim also alleges Cheney-Jamison used her relationship with the IBM Southeastern Employees Credit Union (“IBM”) in Cobb County, Georgia to solicit investors.

The complaints allege that IBM agents referred the customers to meet with Cuna financial advisors to discuss transferring and consolidating their retirement assets with Cuna. Cheney-Jamison represented Cuna at the meeting and another individual, Christopher A. Parris, was also present. Cheney-Jamison and Parris allegedly convinced the customers to transfer over $300,000 to Cuna. However, the customers’ money allegedly never made it to Cuna and was diverted to a company called United RL Capital Services, which was owned and controlled by Parris.

Parris was the 50% owner of the parent company of First American Securities, a brokerage firm that was barred by FINRA due to its involvement with two (2) potentially fraudulent private placements.  Parris is currently not registered with FINRA and has not been associated with a FINRA-registered firm since 2005, according to his FINRA BrokerCheck report. Cheney-Jamison was affiliated with First American Securities before joining Cuna.

Contact Our Firm if You’ve Lost Money with Cuna Brokerage Services

If you have invested with Stacy E. Cheney-Jamison, Christopher A. Parris, or Cuna Brokerage Services or in United RL Capital Fund, First Nationale Solutions or the Percipience Real Estate Opportunity Fund, contact our firm today. You may be able to recover some or all of your lost money.

Our firm conducts an in-depth investigation of each client’s facts in order to determine the harm caused. We work on a contingency basis, meaning you pay nothing unless we recover money for you.

Silver Law Group represents the interests of investors who have been the victims of investment fraud.  Please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll free at (800) 975-4345.