Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 24, 2016 indicate that former Utah-based Cetera Advisors broker Clark Gardner has been permanently barred from acting as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Gardner (CRD# 2930356).
Clark Gardner has spent 16 years in the securities industry and was most recently registered with Cetera Advisors in Orem, Utah (2013-2014). Previous registrations include Sammons Securities Company in Orem, Utah (2002-2013) and Walnut Street Securities in El Segundo, California (1997-2002). He is currently not registered with any state or firm.
According to his BrokerCheck report, Clark Gardner has received three regulatory sanctions, one customer complaint, and one pending customer complaint.
In June 2016, the Securities and Exchange Commission sanctioned Clark Gardner following allegations he had pleaded guilty to four counts of securities fraud in connection with allegations he “obtained money and property by means of materially false and misleading statements or omitted to state material facts necessary in order to make the statements made, in light of the circumstance under which they were made, not misleading or engaged in an act, practice or course of business which operated or would operate as a fraud or deceit.” He permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.
In 2014, a customer alleged Clark Gardner, while employed at Walnut Street Securities, breached his fiduciary duty. The customer is seeking $75,000 in damages in the pending complaint.
In 2014, FINRA sanctioned Clark Gardner following allegations he converted customer funds. He permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.
In 2014, Clark Gardner was terminated from his position at Cetera Advisors following allegations he participated in an undisclosed outside business activity.
In 2014, a customer alleged Clark Gardner, while employed at Cetera Advisors, recommended unsuitable investments. The complaint settled in April 2015 for $263,000.
If you have complaints regarding or have lost money investing with Clark Gardner, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. Fitapelli Kurta takes every case on a contingency basis, which means Fitapelli Kurta only gets paid if and when you collect money. By law there may be a limited window to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.