There are options for clients of former Cuso Financial Services, L.P. broker Eric Strom (CRD# 4877231) who suffered investment losses. He was registered with Cuso Financial Services, L.P., in Vancouver, Washington, from 2015 to 2022, when he was terminated regarding, “Firm investigation concluded that representative did not execute liquidation instructions as part of transfer of 3 client accounts in May of 2022, and did not report ensuing client concerns to supervisors or firm compliance until October 2022. The failure to promptly report the transfer error and client concerns related to account losses resulted in termination of employment from employing credit union and termination of registration from firm.”
Previously, he was registered with Cetera Advisor Networks LLC in Washougal, Washington, from July to November 2016.
Eric Strom Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
November 2022. “Customer alleged that representative failed to follow instructions to sell all positions as part of a transfer of three accounts in May 2022. The positions were not liquidated until October 2022 resulting in losses.” The case was settled for $109,073.11. The complaint was regarding managed advisory accounts, and it took place while he was registered with Cuso Financial Services, L.P.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Cuso Financial Services, L.P. may be liable for investment or other losses suffered by Eric Strom’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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