Gordon Bryan (Wells Fargo) Suspended By FINRA

Broker Gordon Bryan (Wells Fargo) Suspended By FINRA, Accused Of Excessive Trading

Soreide Law Group discusses BrokerCheck disclosures relating to securities broker Gordon Leonard Bryan (CRD#: 1292315, Terre Haute, Indiana). Notably, FINRA issued Bryan a two-month suspension and a $5,000 fine to resolve allegations that he engaged in an undisclosed outside business activity. In addition, three investors filed disputes alleging Bryan’s sales practice violations. For more on these disclosures, read below.

FINRA Issues Sanctions To Gordon Bryan For Alleged Outside Business Activities

Notably, Gordon Bryan agreed to a suspension and fine to resolve allegations that he violated FINRA rules on undisclosed outside business activities. Supposedly, in 2017, Bryan created a company with three Wells Fargo clients to develop a local shopping center. Supposedly, Bryan failed to disclose to Wells Fargo that its clients had a stake in the company until after the company bought the shopping center.
Moreover, Gordon Bryan purportedly told Wells Fargo in December 2017 that he would not be involved in the company's operations. FINRA says that Bryan was actively involved in the company’s operations. Also, the regulator stated that in August 2018, Bryan described this outside business activity as a passive real estate business. He supposedly claimed that his spouse was a partner of the company. FINRA contends that Bryan made inaccurate statements in this respect. Evidently, Bryan served the suspension and paid the fine.

Wells Fargo Advisors Client Alleges Bryan Excessively Traded

Evidently, a client of Wells Fargo came forward with a dispute about Gordon Bryan in January 2020. Mainly, the client alleged that Bryan did not give them correct information about their assets. In addition, the client claims that between October 2012 and January 2020, Bryan excessively traded their advisory assets to earn fees. It appears that Wells Fargo agreed to pay this client to settle the matter in February 2020.

Prior Disputes About Gordon Bryan

Further, a client of Invest Financial Corporation contested Gordon Bryan’s sales practices. Specifically, Bryan allegedly misrepresented a sales charge on a variable annuity. However, Invest Financial Corporation denied this dispute. And in the first dispute on Bryan’s record, an AG Edwards Sons client alleged that Bryan failed to disclose the risks of a mutual fund. Evidently, that client received $17,000 to settle this matter.

Losses Through Bryan?

Did you suffer losses because of securities broker Gordon Bryan? If so, call Soreide Law Group at (888) 760-6552 and speak with a helpful securities lawyer about a potential recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered substantial compensation for hundreds of United States investors who have incurred losses from their financial advisors and securities brokers. Please note that Bryan denies all allegations of his sales practice violations.