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Cetera Advisors Broker Clark Gardner Sanctioned by Securities Regulator

Cetera Advisors Broker Clark Gardner Sanctioned by Securities Regulator 150 150 Rex Securities Law

September 26, 2014-Orem, Utah–Clark S. Gardner was permanently barred from the securities industry by FINRA to resolve allegations that he converted customer funds by depositing them in his personal bank account.

According to the FINRA pleadings, a customer provided Gardner with $243,000 for an “investment opportunity” in April 2014. Instead of making an investment for the customer, Gardner deposited the check into his personal account and used it to repay funds he owed to other individuals and for personal expenses.

In addition, FINRA alleged that Gardner engaged in an outside business activity with the Firm’s knowledge or consent. FINRA records indicate that Gardner was employed by Cetera Advisors from 12/2013-5/2014. Prior to that he was employed by Sammons Securities Company.

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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