August 2021- Troy, MI
According to publicly recorded records, Carl Damien Gill, a financial advisor who was last employed by United Planners Financial Services of America, discloses two prior regulatory events, 2 final customer disputes, 3 pending customer disputes and 3 terminations from employment.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In November of 2011, the United States Securities and Exchange Commission (SEC) filed SEC Case #3-14644 alleging deficient record keeping, failure to annually update policies and procedures manual and failure to prove a compliance meeting. Sanctions ordered were Cease and Desist, Censure and a $20,000 fine. The SEC found that Asset Advisors LLC, while being operated by Carl Gill was deficient with maintaining appropriate books and records for the investment advisory firm.
In February 2021, FINRA case #21-00433 was filed by a United Planners Financial Services of America customer alleging negligence, gross negligence, misrepresentations and omissions, breach of contract and wrongful conduct in connection with a real estate investment. . The case was settled for $35,000 in 4/2021.
In April of 2007, a Professional Asset Management customer alleged lost money in annuity investments. The case settled for $42,424.
From February of 2021 until April of 2021, three FINRA cases were filed by customers of United Planners alleging among other things: unsuitability, common law fraud, negligence, unauthorized trading, negligence, breach of contract, breach of fiduciary duty, fraud, silent fraud, negligent misrepresentation, state securities fraud, violation of FINRA rules of fair practice, omissions and wrongful conduct. The alleged damages in these currently pending cases collectively, is in excess of $500,000.
In December 2015 Gill was permitted to resign from employment with Spectrun Financial Resources and United Planners’Financial Services of America after allegations of a discretionary trade in a non-discretionary account.
Gill’s prior experience with FINRA registered firms includes:
- United Planners 11/2011-12/2015
- Professional Asset Management 1/2000-8/2011
Gill operated Asset Preservation Capital , G.D. Tax and Associates, Healthview Asset Management, and Elevated Performance Investment Group, all in Troy, MI.
If you have losses in an account handled by Carl Gill, call to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are 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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