GARY PEVEY Fired for Selling $1.1 Million in Woodbridge to Clients
Gary Pevey, Terminated from Mutual Securities and Suspended One Year from Securities Industry
Have you lost money with financial advisor Gary Pevey from Sacramento, California? We are looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Gary L. Pevey. FINRA suspended Pevey from the securities industry for one year, ordered him to pay a $10,000 fine, and ordered him to disgorge over $40,000 in commissions. Pevey was being investigated regarding allegations that he sold $1.1 million in investments in the Woodbridge Group of Companies. Last year, Woodbridge filed for bankruptcy, and investors will likely suffer substantial losses.
Gary Pevey was a registered representative and financial advisor with Mutual Securities from March 2011 to February 2018. He worked out of a branch office in Sacramento, California. He was also terminated by Mutual Securities for his sales of Woodbridge.
Broker-dealers like Mutual Securities have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations. When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in California. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Pevey, Gary FINRA AWC
Click to view: Pevey, Gary BrokerCheck 1.4.19
If you have lost money with Gary Pevey, Mutual Securities, or Woodbridge Investments and want to hear about ALL legal options, please visit https://www.israelsneuman.com/ or call us at 720-599-3505.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
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