{"id":3036,"date":"2015-02-03T00:00:00","date_gmt":"2015-02-03T05:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/finra-bars-clark-gardner-from-securities-industry-for-converting-customer-funds\/"},"modified":"2018-10-08T12:40:21","modified_gmt":"2018-10-08T16:40:21","slug":"finra-bars-clark-gardner-from-securities-industry-for-converting-customer-funds","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finra-bars-clark-gardner-from-securities-industry-for-converting-customer-funds\/","title":{"rendered":"FINRA Bars Clark Gardner from Securities Industry for Converting Customer Funds"},"content":{"rendered":"<\/p>\n

Clark Smith Gardner, of Orem, Utah, submitted an AWC in which he was barred from association with any FINRA member in any capacity. Gardner was registered with Cetera Advisors, LLC until May, 2014.\u00a0 Without admitting or denying the findings, Gardner consented to the sanction and to the entry of findings that he used customer funds for his own benefit. An investor provided Gardner with a check for almost $250,000 for an investment opportunity sold by Gardner.\u00a0 Gardner put the money into his personal bank account and failed to invest any of the funds on the customer\u2019s behalf. Instead, Gardner used the customer\u2019s money to repay funds Gardner owed to other individuals. Gardener also engaged in an outside business activity by serving as a real estate agent of an investment company without his member firm\u2019s knowledge or consent. Gardner facilitated the customer\u2019s $150,000 real property investment through the company, without the firm\u2019s permission, and received $20,000 from the company for facilitating the transaction. (FINRA Case #2014041351601<\/strong><\/a>) Real estate scams have become increasingly popular as advisors recommend real estate as part of an overall investment strategy or are tempted to become principals in deals with a conflict of interest<\/a> to the advisor\u2019s customers.\u00a0 However, brokerage firms frequently prohibit advisors from investing in deals with clients.<\/p>\n

We are currently involved in multiple cases against brokerage firms for mismanagement of elderly investors\u2019 accounts<\/a> and\/or improper conflicts of interest between the financial advisor and the customer.\u00a0 We routinely work closely with estate planning attorneys to help resolve disputes between family members regarding the management of an elderly family member\u2019s financial affairs and we are frequently consulted regarding the improper sale of securities or mismanagement of the portfolio by a fiduciary, trustee or other trusted advisor.<\/p>\n

Silver Law Group<\/a> represents the interests of investors who have been the victims of investment fraud<\/a>.\u00a0 If you have questions about your legal rights, please contact Scott Silver<\/a> of the Silver Law Group for a free consultation at\u00a0ssilver@silverlaw.com<\/a>\u00a0or toll free at (800) 975-4345.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Clark Smith Gardner, of Orem, Utah, submitted an AWC in which he was barred from association with any FINRA member in any capacity. Gardner was registered with Cetera Advisors, LLC until May, 2014.\u00a0 Without admitting or denying the findings, Gardner consented to the sanction and to the entry of findings that he used customer funds […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[582],"tags":[],"class_list":["post-3036","post","type-post","status-publish","format-standard","hentry","category-elder-fraud"],"yoast_head":"\nFINRA Bars Clark Gardner from Securities Industry for Converting Customer Funds — Securities Arbitration Lawyers Blog — February 3, 2015<\/title>\n<meta name=\"description\" content=\"Clark Smith Gardner, of Orem, Utah, submitted an AWC in which he was barred from association with any FINRA member in any capacity. Gardner was registered — February 3, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/finra-bars-clark-gardner-from-securities-industry-for-converting-customer-funds\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"FINRA Bars Clark Gardner from Securities Industry for Converting Customer Funds — Securities Arbitration Lawyers Blog — February 3, 2015\" \/>\n<meta name=\"twitter:description\" content=\"Clark Smith Gardner, of Orem, Utah, submitted an AWC in which he was barred from association with any FINRA member in any capacity. Gardner was registered — February 3, 2015\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FINRA Bars Clark Gardner from Securities Industry for Converting Customer Funds — Securities Arbitration Lawyers Blog — February 3, 2015","description":"Clark Smith Gardner, of Orem, Utah, submitted an AWC in which he was barred from association with any FINRA member in any capacity. Gardner was registered — February 3, 2015","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/finra-bars-clark-gardner-from-securities-industry-for-converting-customer-funds\/","twitter_card":"summary_large_image","twitter_title":"FINRA Bars Clark Gardner from Securities Industry for Converting Customer Funds — Securities Arbitration Lawyers Blog — February 3, 2015","twitter_description":"Clark Smith Gardner, of Orem, Utah, submitted an AWC in which he was barred from association with any FINRA member in any capacity. Gardner was registered — February 3, 2015","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/finra-bars-clark-gardner-from-securities-industry-for-converting-customer-funds\/","url":"https:\/\/www.silverlaw.com\/blog\/finra-bars-clark-gardner-from-securities-industry-for-converting-customer-funds\/","name":"FINRA Bars Clark Gardner from Securities Industry for Converting Customer Funds — Securities Arbitration Lawyers Blog — February 3, 2015","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"datePublished":"2015-02-03T05:00:00+00:00","dateModified":"2018-10-08T16:40:21+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"Clark Smith Gardner, of Orem, Utah, submitted an AWC in which he was barred from association with any FINRA member in any capacity. Gardner was registered — February 3, 2015","breadcrumb":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-bars-clark-gardner-from-securities-industry-for-converting-customer-funds\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.silverlaw.com\/blog\/finra-bars-clark-gardner-from-securities-industry-for-converting-customer-funds\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.silverlaw.com\/blog\/finra-bars-clark-gardner-from-securities-industry-for-converting-customer-funds\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.silverlaw.com\/blog\/"},{"@type":"ListItem","position":2,"name":"FINRA Bars Clark Gardner from Securities Industry for Converting Customer Funds"}]},{"@type":"WebSite","@id":"https:\/\/www.silverlaw.com\/blog\/#website","url":"https:\/\/www.silverlaw.com\/blog\/","name":"Securities Arbitration Lawyers Blog","description":"Published by Securities Arbitration Lawyers \u2014 Silver Law Group","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.silverlaw.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752","name":"Silver Law Group","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","caption":"Silver Law Group"}}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/3036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/comments?post=3036"}],"version-history":[{"count":2,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/3036\/revisions"}],"predecessor-version":[{"id":7179,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/3036\/revisions\/7179"}],"wp:attachment":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/media?parent=3036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/categories?post=3036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/tags?post=3036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}