On June 5, 2018, FINRA announced that it permanently barred former securities broker Bradley Everett Gardner from associating with firms registered with FINRA in any capacity. FINRA (Financial Industry Regulatory Authority, Inc.) registers and regulates securities brokers and brokerage firms.
In a Letter of Acceptance, Waiver and Consent (AWC), FINRA stated it barred Gardner after its investigation found that he stole customer funds in June 2017. An elderly customer gave Gardner a check for $7,400 that the customer thought was a prepayment for advisory fees, said FINRA. However, Gardner allegedly deposited the check into his personal bank account and used the funds for his personal expenses.
FINRA records also state Gardner has two customer disputes. One from 2002 was denied. Another from October 2017 settled for $32,500 and alleged misconduct that included fraud, churning, and breach of fiduciary duty.
Brokerage firms have a duty to reasonably supervise their brokers to ensure they do not commit misconduct. Customers have the right to file claims against brokerage firms to pursue losses caused by a firm’s inadequate supervision.
If you have questions about losses you or someone you know suffered while investing with Bradley Everett Gardner, contact Marquardt Law Office LLC to receive a free phone consultation.
Marquardt Law Office LLC is a securities law firm that represents investors nationwide who have suffered losses due to misconduct such as fraud and negligence. Most investors will be represented on a contingency fee basis, meaning there is no attorney fee if a recovery is not obtained.