Stoltmann Law Offices continues to investigate Randall Gladden, a former broker with Securities Equity Group in Aliso Viejo, California. The Financial Industry Regulatory Authority (FINRA) alleged that Gladden sold $2.1 million worth of notes or units in the Church Development Fund, LLC, and the Church Fund, LLC, both of which Randall managed and operated. The Church Development Fund was purported to make loans to churches, including for real estate, but Gladden did not have permission from his brokerage firm to sell the notes. This month, Gladden agreed to pay FINRA a $15,000 fine and to a one-year suspension from the industry for his transgressions. Firms such as Securities Equity Group have a responsibility to reasonably supervise their brokers so they do not recommend and/or sell unsuitable securities. If they do, the firm can be responsible for investor losses. Please call our securities law firm today if you believe you have lost money with Gladden. We may be able to bring a claim on your behalf against Securities Equity Group in the FINRA arbitration forum on a contingency fee basis. The call is free so please call today.
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 El Cajon, California from April 2002 until March 2016. He has two customer disputes against him, neither of which are currently pending. This is according to his online, public FINRA BrokerCheck report.
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