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Gary Arford Receives Permanent Ban by SEC

Gary Arford Public records published by the Financial Industry Regulatory Authority (FINRA) on June 29, 2016 indicate that former Washington-based Independent Financial Group broker Gary Arford 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. Arford (CRD# 2440941).

Gary Arford has spent 13 years in the securities industry and was most recently registered with Independent Financial Group in Lynnwood, Washington (2013-2014); Geneos Wealth Management in Lynnwood, Washington (2003-2005; 2011-2013); Commonwealth Financial Services in Waltham, Massachusetts (2000-2003); Raymond James Financial Services in St. Petersburg, Florida (1997-2000); American Express Financial Advisors in Minneapolis, Minnesota (1995-1997); IDS Life Insurance Company in Minneapolis, Minnesota (1995-1997); Allmerica Investments in Worcester, Massachusetts (1995); and Cuna Brokerage Services in Waverly, Iowa (1994-1995). He is currently not registered with any firm or state.

According to his BrokerCheck report, Gary Arford has received one regulatory sanction, eight customer complaints, and six pending customer complaints. He was additionally discharged from his positions at Independent Financial Group and Comprehensive Wealth Management.

In May 2016, a customer alleged Gary Arford, while employed at Geneos Wealth Management and Comprehensive Wealth Management, misrepresented material facts and recommended unsuitable investments. The customer is seeking $328,820 in damages in the pending complaint.

In February 2016, a customer alleged Gary Arford, while employed at Geneos Wealth Management and Comprehensive Wealth Management, made misrepresentations and unsuitable recommendations. The customer is seeking $340,548 in damages in the pending complaint.

In February 2016, a customer alleged Gary Arford, while employed at Geneos Wealth Management and Comprehensive Wealth Management, recommended unsuitable investments and misrepresented material facts. The customer is seeking $100,000 in damages in the pending complaint.

In 2014, a customer alleged Gary Arford, while employed at Geneos Wealth Management, misrepresented material facts and recommended unsuitable investments. The customer is seeking $500,000 in damages in the pending complaint.

In October 2015, the Securities and Exchange Commission (SEC) sanctioned Gary Arford following allegations he defrauded a private fund and its investors. He was permanently barred from the securities industry and ordered to pay more than $4 million in fines, disgorgement, and interest.

In 2014, a customer alleged Gary Arford, while employed at Geneos Wealth Management and Comprehensive Wealth Management, breached his fiduciary duty, misrepresented material facts, and made unsuitable recommendations. The complaint settled for $112,500.

In 2014, a customer alleged Gary Arford, while employed at Geneos Wealth Management and Comprehensive Wealth Management, executed an unauthorized trade. The complaint settled for more than $158,200.

If you or someone you know has a complaint regarding Gary Arford, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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