Can I Recover Losses from Former Mutual Securities, Inc. Financial Advisor Gary Pevey?
Posted on Saturday, January 5th, 2019 at 8:22 am
Have you suffered investment losses due to former Mutual Securities, Inc. financial advisor Gary Pevey (CRD# 2129469)? Pevey has been registered with Mutual Securities, Inc. in Sacramento, California from 2011 to February 2018, when he was terminated regarding, “Violation of FINRA Rule 3280, Private Securities Transaction of an Associated Person.”
Pevey has been the subject of one customer complaint, according to his CRD report:
September 2018. “Alleged sales of high-risk and fraudulent investments and inadequate supervision.” The customer is seeking $171,000 in damages and the case is currently pending. This case is regarding promissory notes.
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, Mutual Securities, Inc. may be liable for investment or other losses suffered by Pevey’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If 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.