According to a report in Financial Advisor magazine, the Certified Financial Planner Board revoked the Certified Financial Planner mark rights of the following advisors:
• James A. Avery, Jr., Mechanicsville, Va., based on a 2006 federal tax lien, a 2004 insurance license suspension; Chapter 13 bankruptcy filings in 2002 and 2004; a 1998 Chapter 13 bankruptcy that was subsequently converted to Chapter 7; and failing to notify the CFP Board of a DUI conviction within 10 days.
• Michael R. Frager, La Jolla, Calif., based on his Chapter 7 bankruptcy filings in 1995 and 2011.
• Gala Gorman, Brentwood, Tenn., based on his Chapter 7 bankruptcy in 2004 and Chapter 13 bankruptcy in 2009.
• Thomas J. Gregory, Maitland, Fla., based on his allowing an individual to improperly assist him in the completion of a continuing education course; and his termination by his broker-dealer for falsely stating that he completed the course.
• Rebecca A. Huntley, West Long Branch. N.J., based on her filing for Chapter 13 bankruptcy in 2009 and Chapter 7 bankruptcy in 2011 and her failure to submit a response to the CFP Board’s investigation notice.
• Brett M. Plew, Kalamazoo, Mich., for failing to follow a client’s instructions to liquidate an account; failing to supervise a subordinate with regard to the client’s request; and making a personal guarantee to recover the client’s losses in violation of National Association of Securities Dealers rules.
• Neal S. Smalbach, Palm Harbor, Calif., for making fraudulent misrepresentations and material omissions when selling preferred shares in a private placement; and for causing client information forms and private placement subscription agreements to be falsely completed so that customers would appear to be experienced and accredited investors.
• Bruce D. Workman, Hamel, Minn., for engaging in outside business activities for compensation and failing to provide prompt written notice to his member firm; for recommending that his clients purchase unsuitable private placements; and for failing to report his suspension by the Financial Industry Regulatory Authority within 10 days.
The foregoing information has been provided by The White Law Group. The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm based in Chicago, Illinois and Boca Raton, Florida. The firm primarily represents investors in claims against their financial advisor and brokerage firm.
To speak to a securities attorney, please call the firm’s Chicago office at 312/238-9650. For more information on the firm, please visit https://www.whitesecuritieslaw.com.