Gary Benson Discloses Allegations Of Unsuitable Recommendations

Investors have come forward with complaints about Gary Gustave Benson (CRD: 1182211, Encino, California). Evidently, the securities broker, who worked for NPB Financial Group LLC, discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Particularly, NPB Financial Group LLC clients allege that Benson made unsuitable recommendations. For more on these disclosures about Benson, see below.

Benson Discloses Unsuitable Recommendations Allegations By NPB Financial Group LLC Client

Specifically, a client of NPB Financial Group LLC contested Gary Benson’s sales practices by filing FINRA Arbitration: 22-02313 on October 13, 2022. Allegedly, Benson provided unsuitable advice. It appears that Benson caused the client to sustain damages on alternative investments including L-Bonds. Therefore, the client seeks compensatory relief from NPB Financial Group LLC or Benson in the amount of $200,000 in this ongoing matter.

NPB Financial Group LLC Investor Alleges False Information By Gustave Benson Regarding Income Benefits

Also, an NPB Financial Group LLC client filed a complaint about Gary Benson. Namely, the client alleged that false information was provided to the client about the minimum income benefits pertaining to annuity products. Because of this, the client allegedly sustained damages on variable annuities. Therefore, on September 12, 2022, NPB Financial Group LLC settled this matter by paying the client $142,500 in damages.

Benson Discloses Unauthorized Trading Allegations By NPB Financial Group LLC Client

Specifically, a client of NPB Financial Group LLC contested Gary Benson’s sales practices, according to a complaint dated August 22, 2017. Allegedly, Benson engaged in unauthorized trading and made unsuitable recommendations. Supposedly, Benson caused the client to sustain damages on mutual funds. Therefore, the client asked for compensatory relief from NPB Financial Group LLC or Benson. However, the client closed this dispute without resolving it.

NPB Financial Group LLC Investor Accused Gary Benson Of Conversion

Also, an NPB Financial Group LLC client filed Civil Suit: BP153451 about Gary Benson. Namely, the client alleged that Benson converted funds and breached a fiduciary duty. Because of this, the client allegedly sustained damages. Therefore, on December 16, 2015, NPB Financial Group LLC settled this matter by paying the client $210,000 in damages.

Gary Benson Discloses Allegations By Associated Securities Corporation Client

Specifically, a client of Associated Securities Corporation contested Gary Benson’s sales practices, according to a complaint. Allegedly, the client was not provided detailed information concerning direct investments (LPs, DPPs). Therefore, Associated Securities Corporation opted to settle the matter on October 11, 2011, by compensating the client in the amount of $30,000.

Benson Employment Information

• Benson worked for NFB Financial Group LLC in Encino, California as a financial advisor from May 11, 2006, to July 28, 2022.

• Benson worked for NFB Financial Group LLC in Encino, California as a securities broker from May 11, 2006, to July 15, 2022.

• Benson has worked for Independent Financial Group, LLC in Encino, California as a securities broker since July 15, 2022.
  
• Benson has worked for Independent Financial Group LLC in Encino, California as a financial advisor since July 27, 2022.

• Benson has worked for Pash & Benson International Ltd. in Encino, California as a financial advisor since September 19, 2006.

Damages Resulting From NPB Financial Group LLC Securities Broker Benson?

Did you suffer losses from investing with Gary Benson? If so, reach out to Soreide Law Group at (888) 760-6552 and talk with a securities attorney about a potential recovery of your losses. Soreide Law Group, who has successfully recovered money for hundreds of investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Benson and brokerage firms Benson worked for deny any and all allegations of sales practice violations.