According to a recent Financial Industry Regulatory Authority (FINRA) Disciplinary Proceeding, J. Randall Gladden was accused of soliciting at least seven investors to invest more than $2.1 million in funds through purchases of securities. Gladden helped create Church Development Fund, LLC and Church Fund LLC, to make loans to churches, primarily for refinancing their existing real estate loans. He also participated in the management of the funds and acted as Governing Member of the Funds’ respective Managers, CDF Managing Partners LLC. Gladden did not inform his firm, SEG, that he was involved in the activities, and falsely told the firm that he had not “engaged in any capital raising activities for any company, corporation or business entity,” and this is against securities rules and regulations. He was fined $15,000 and suspended for 12 months from association with all FINRA member firms in all capacities.
Gladden was registered with Securities America in Lavista, Nebraska from August 1995 until May 1997, Securities Service Network in Knoxville, Tennessee from May 1997 until February 2002 and Securities Equity Group in Cajon, California from April 2002 until March 2016. He has two customer disputes against him. If you invested money with Gladden, we may be able to help you sue his former firm, SEG, in the FINRA arbitration forum for losses. The call to us is free with no obligation. We sue firms such as SEG to recover financial losses for investors. Firms such as SEG have a duty to reasonably supervise their brokers while they are employed there.
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