Gary E. Oliver; Fortius Financial Advisors

Stoltmann Law Offices is investigating Gary E. Oliver, a former registered broker with Fortius Financial Advisors. Oliver was barred by the Securities and Exchange Commission (SEC) for allegations made in an SEC complaint against him. He was also ordered to pay disgorgement of over $138,000, a civil penalty of $125,000 and interest of $15,426. The SEC also was investigating Fortius Financial Advisors and its former Chief Compliance Officer, Jeff Bollinger. The complaint alleged that Fortius engaged in securities violations, including investing $800,000 of one of its client’s money in an illiquid, unsuitable private fund that it managed called Fortius Private Fund. Oliver allegedly misappropriated more than $137,000 from a customer. The SEC also alleged that the firm and Bollinger failed to reasonably supervise Oliver, allowing him to commit the securities violations. Fortius Financial was ordered to pay a civil penalty of $70,000 and disgorgement of $20,749, with $3,321 in interest. Bollinger was ordered to pay a civil penalty of $25,000 and disgorgement of $1,718 plus $252 in interest. Please call our Chicago-based securities law office today if you feel we may be able to help you bring a claim against Fortius on a contingency fee basis to recover investment losses.