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George Merhoff, Jr. & Cetera Advisors– Recovery Of Investment Losses


Investigating Potential Securities Fraud Claims.

George Merhoff, Jr. & Cetera, 25 Customer Complaints.

Investors may be able to recover investment losses.

The White Law Group is investigating potential securities fraud claims involving George Merhoff, Jr. and Cetera Advisors in Klamath Falls, Oregon.

According to his FINRA BrokerCheck report, Merhoff has 25 customer complaints alleging over-concentration of high risk energy stocks. Clients are seeking damages for more than $5,000,000 against Merhoff and Cetera, which they reportedly accuse of negligent supervision and breach of fiduciary duty.

Cetera reportedly fired Merhoff last month, according to his broker profile, for “violating firm’s policies and procedures by making undisclosed payments to a customer of the firm.”

Brokers have a fiduciary duty to make investment recommendations that are consistent with the clients net worth, investment experience and objectives. Risk tolerance, age, and liquidity needs also need to be considered. Furthermore, brokers are prohibited from engaging in underhanded businesses practice, like churning or unauthorized trading, that violate securities laws and regulations.

When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

If you suffered losses investing with George Merhoff and Cetera Advisors, the attorneys of The White Law Group may be able to help you recover your losses. For a free consultation with a securities attorney, please call 888-637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, visit

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.