The Securities and Exchange Commission (SEC) recently charged Gary E. Oliver with mismanagement of client assets and failure to disclose conflicts of interest. Mr. Oliver was previously registered with Fortius Financial Advisors. He agreed to cease and desist from violating the charges and agreed to a bar from the industry. He also was forced to pay $153,862 in disgorgement and prejudgment interest and pay an additional $125,000 penalty. Oliver and another representative, Jeff M. Bollinger, allegedly invested more than $800,000 of the firm’s assets in unsuitable, illiquid investments. Both men had financial interests in the investments. Mr. Oliver allegedly appropriated $137,000 from the firm’s account over four years. These are all against securities rules and regulations. Please call our securities law firm today if you invested with Gary E. Oliver. We may be able to help you bring a claim against his former firm, Fortius Financial Advisors in the arbitration forum. The call is free with no obligation so please call today.
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