Sherry Lynn Baker (also known as Sherry Lynn Obrecht) of Salem Illinois a stockbroker formerly registered with Raymond James Financial Services is the subject of a FINRA investigation in which Baker may face disciplinary action for potentially making unsuitable trades in a customer’s account. Case No. 20180604604 (February 19, 2021).
According to FINRA Public Disclosure, Baker received a Wells Notice regarding FINRA’s investigation into her trading in a customer account. The regulator indicated that Baker should face disciplinary action for possibly violating FINRA Rules 2010 and 2111 through making unsuitable trades. FINRA noted that Baker may have made unsuitable short-term trades involving unit investment trusts.
Baker’s registrations with Raymond James Financial Services as a stockbroker and investment adviser representative have been terminated as of November 7, 2018. She was discharged by Raymond James Financial Services supported by concerns about her activities involving unit investment trusts. Since November 14, 2018, Baker has been registered with Benjamin F. Edwards Company Inc. as a stockbroker and investment adviser representative.
