What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: July 5, 2016

The attorneys at Stoltmann Law Offices are investigating Clark Gardner, a former broker at Cetera Advisors. Gardner was recently permanently barred from the industry by the Financial Industry Regulatory Authority (FINRA). Gardner was accused of taking a $243,000 check from a customer and depositing it directly into his personal bank account. The money was supposed to go into an investment opportunity. Gardner then used the funds for his own personal use. FINRA also alleged that he worked as an agent for a real estate investment company without his firm’s knowledge or consent, which is against securities rules and regulations. Gardner allegedly facilitated a customer’s $150,000 real estate property investment through the company, and for this, received $20,000 in commission for his facilitation of the transaction. Gardner entered into a Letter of Acceptance, Waiver and Consent (AWC) with FINRA on September 4, 2014.

According to his online FINRA BrokerCheck report, Gardner was registered with Walnut Street Securities in El Segundo, California from June 1997 until February 2002, Sammons Securities Company in Orem, Utah from February 2002 until December 2013 and Cetera Advisors in Orem from December 2013 until May 2014. He has two customer disputes against him, one of which is currently pending. He is not licensed within the industry and FINRA and the Securities and Exchange Commission (SEC) have both permanently barred him from acting as a broker and investment adviser, or otherwise associating with firms that sell securities or provide investment advice to the public. If you or someone you know invested money with Clark Gardner, you may be able to sue his former firm, Cetera Advisors, in the FINRA arbitration forum on a contingency fee basis. Please call our law offices today at 312-332-4200. Your call with one of our attorneys is free and with no obligation.


The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.


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