Gary Raymond Gray Formerly of Wells Fargo Las Vegas Fined and Suspended by FINRA

Soreide Law Group obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions February 2018.”
Gary Raymond Gray (CRD #1641113, Las Vegas, Nevada)
was assessed a deferred fine of $10,000 and suspended from association with any FINRA member in all capacities for three months.  Allegedly, Gray exercised discretion in effecting 236 trades in accounts maintained by eight of his member firm’s clients, without obtaining prior written authorization from the clients to exercise discretion in their accounts and without the firm having approved any of the accounts for discretionary trading.
FINRA’s findings stated that Gary Raymond Gray allegedly falsely certified in a firm Registered Association Compliance Questionnaire that he did not have any accounts in which he exercised trading discretion, including time and price discretion.
Also, FINRA’s findings stated that Gary Raymond Gray caused his firm to create and maintain inaccurate books and records by improperly marking 12 order tickets for clients as unsolicited, when they were in fact solicited transactions.
The suspension is in effect from December 18, 2017, through March 17, 2018.
(FINRA Case #2017054543201)
According to FINRA’s BrokerCheck, which is available to the public on FINRA's website, Gary Raymond Gray has 2 Disclosures on his report.  Gray has been in the securities industry for 30 years and was listed with 4 firms, the most recent listed below:
07/01/2003 - 06/07/2017 WELLS FARGO CLEARING SERVICES LLC - LAS VEGAS, NV 
If you were a client of Gary Raymond Gray formerly with Wells Fargo Clearing Services in Las Vegas, Nevada, and experienced losses due to his actions or recommendations, contact Soreide Law Group and speak to an experienced securities lawyer regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA.  Our law firm operates on a contingency fee basis—no fee if no recovery.  Let our years of experience work for you.