FINRA Sanctions & Allegations of Misconduct

FINRA fined and then banned George Craig Merhoff Jr. (CRD #2918171) of Cetera Advisors LLC, Klamath Falls, Oregon, permanently for failing to provide documents and information requested by FINRA in connection with its review of his issuance of consolidated account reports to customers and his making of undisclosed payments to customers.

George Merhoff has over 45 complaints of wrongdoing reported on his regulatory file

The CRD Reports of George Craig Merhoff Jr., includes the disclosure of over 40 customer complaints. Many of these complaints have been settled for substantial sums. These types of complaints are serious red flags that evidence a pattern of unsuitable investment recommendations in order to generate commissions and income for themselves, at the expense of their clients.

According to his CRD Report, George Merhoff was also terminated by his employer, Cetera Advisors LLC, in 2019 for violating firms policies and procedures by making undisclosed payments to a customer of the firm. Merhoff’s CRD Report also includes two criminal convictions for theft and two tax liens.

Investors Have the Right to Recover Their Losses

When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered losses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.

Can I recover my investment losses?

If you lost a substantial portion of your retirement savings or other assets as a result of investments purchased through George Merhoff or Cetera Advisors LLC, please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies, and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.