Investigating Former Sammons Securities Company, LLC and Cetera Advisors LLC stockbroker Clark S. GardnerMonday, October 20, 2014
The investor rights attorneys at ChapmanAlbin are currently investigating claims on behalf of investors who invested with former Sammons Securities Company, LLC and Cetera Advisors LLC stockbroker Clark S. Gardner (CRD# 2930356) of Orem, Utah. If you suffered losses in your investments with Clark Gardner call the experienced team of attorneys at ChapmanAlbin at 877-410-8172 today for a free initial consultation on your rights as an investor.
Clark Gardner recently entered into a Letter of Acceptance, Waiver and Consent with the Financial Industry Regulatory Authority (FINRA) Department of Enforcement to resolve allegations FINRA made against him regarding violations of securities industry rules. Gardner consented, without admitting or denying the allegations made against him by FINRA, to a permanent bar from associating with any FINRA member firm in any capacity in resolution of FINRA Disciplinary Proceeding No. 20140413516-01. FINRA alleged that on April 23, 2014, a customer provided Gardner with a check for $243,000 for an “investment opportunity” and Gardner deposited the check directly in his personal bank account. It was further alleged by FINRA that Gardner failed to invest any of the $243,000 on the customer’s behalf and instead proceeded to use the customer’s funds for his own personal use, including repaying funds that Gardner owed to other individuals. FINRA additionally claimed that Gardner engaged in an outside business activity without his firm’s permission. According to FINRA Gardner’s actions amounted to violations of FINRA Rules 2150(a), 3270 and 2010
According to regulatory records, Gardner’s employment with Cetera Advisors LLC was terminated by the firm “due to undisclosed outside business activity and sales of unapproved product.”
If you invested with Sammons Securities Company, LLC, Cetera Advisors LLC or Clark S. Gardner and suffered significant losses as a result, you may be entitled to a recovery by filing claims in FINRA Arbitration. The brokerage firm has a team of attorneys on its side and so should you. If you would like a free, no obligation, initial consultation regarding your potential claims against your broker or brokerage firm, please call our office today at 877-410-8172 to speak with an investor rights attorney experienced in representing investors in FINRA arbitration proceedings.