Erez Law is currently investigating IMS Securities, Inc. financial advisor Christopher Gammon (CRD# 2354523) regarding losses sustained from advisor negligence. Gammon has been registered with IMS Securities, Inc. in Houston, Texas since 1999.
Gammon has been the subject of four customer complaints between 2000 and 2016, according to his CRD report:
- August 2016. “Negligence, misrepresentation, failure to supervise, breach of fiduciary duty.” The customer is seeking $1,667,000 in damages and the case is currently pending.
- July 2016. “Negligence, over-concentration, breach of fiduciary duty, misrepresentations, failure to supervise.” The customer is seeking $3 million in damages and the case is currently pending.
- March 2003. “Allegation is a breach of contract and deceptive trade practices. According to claimants, registered representative Mr. Harn moved their life savings from conservative fixed income investments to riskier private placements and there was a lack of supervision on the part of Mr. Gammon and IMS Securities, Inc.” The customer sought $1,118,603 in damages and the case was settled for $275,000.
- October 2000. “Lack of supervision registered rep Candice Gill.” The customer sought $90,000 in damages and the case was settled for $78,000.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, IMS Securities, Inc. may be liable for investment or other losses suffered by Gammon’s customers.
Erez Law represents investors in the United States for claims against IMS Securities, Inc. financial advisor Christopher Gammon, who is alleged to be negligent in his management of customer accounts. If you were a client of IMS Securities, Inc. or another firm, and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.