February 2018-San Antonio, Texas
According to publicly available records Guy C. Conger , (CRD# 2280420) , a stockbroker who last worked for Money Concepts Capital, discloses that he was recently suspended for six months and fined $15,000 by FINRA.
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 February 2018, without admitting or denying FINRA’s findings, Conger consented to the entry of findings that he improperly used discretion to place trades in customer’s accounts. In addition Conger made misleading and unwarranted statements in email communications with customers that included exaggerated, promissory claims regarding performance. FINRA Case# 2016050220701.
In June 2016 a customer of Money Concepts Capital alleged damages of $50,000 for unauthorized transactions in his account. That case was settled for $33,000.
Conger was employed by Money Concepts Capital from 10/2002-2/2017.
If you have losses in an investment account handled by Guy Conger , 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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