Investor Alert: William W. Gammon
Are you concerned about your investment losses with William W. Gammon? If so, The White Law Group may be able to help you to recover losses by filing a FINRA arbitration claim against the brokerage firm that sold you the investment.
As we told you in July, the CFP Board permanently revoked the CFP certification of Ameriprise adviser William W. Gammon, after he failed to answer the board’s complaint in a timely fashion. The board alleged that Gammon, based in Towson, Maryland, purportedly recommended and sold clients alternative investments including non-traded REITs, debentures and equipment leasing funds that were unsuitable given the clients’ ages, risk tolerances and investment objectives.
According to the reports, the board found that the investments allegedly unsuitably concentrated the clients’ assets in alternative and real estate investments and the investments did not meet the clients’ liquidity restrictions.
According to his FINRA BrokerCheck report, Gammon is currently registered with Ameriprise Financial in Towson, Maryland, and was previously registered with Centaurus Financial. In the past 26 years that he has worked as a financial advisor, Gammon has a total of 25 customer disputes, according to FINRA.
A few of the recent allegations from Gammon’s customers include:
- unsuitable recommendations in the sale of several real estate investment trusts
- high risk private placement investments and allegedly failed to recommend any other low to moderate risk investments for a retired widow seeking income
- Violations of common law fraud, breach of fiduciary duty, negligent failure to supervise, and negligence.
Recovery of Investment Losses
The White Law Group continues to investigate the liability that Gammon’s former employers may have for his actions.
Brokerage firms are required to adequately supervise their agents to ensure they are complying with FINRA rules and they can held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.
If you suffered losses investing with William Gammon, the attorneys at The White Law Group may be able to help. For a free consultation, please call (888) 637-5510.
The foregoing information, which is all publicly available, is being provided by The White Law Group. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on The White Law Group please visit www.whitesecuritieslaw.com.