On June 11, 2013, the Securities & Exchange Commission (SEC) entered a consent order against former Resource Horizons Group broker Robert A. Gist (AKA Bob Gist) enjoining him from future violations of the securities law and permanently barring him from the financial industry. FINRA had filed an action alleging that Gist had misappropriated several million dollars from his brokerage firm customers by misrepresenting that the funds would be invested in securities.
Instead, FINRA alleged, Gist invested the money in a company he founded and perpetrated a fraud by creating and sending out fictitious account statements.
If you have questions about the way your brokerage account has been handled call us for a no charge consultation to discuss your legal rights.
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