Soreide Law Group, representing clients nationwide before FINRA, obtained the following information from the April 2018 Disciplinary Report from FINRA:
Guy Charles Conger (CRD #2280420, San Antonio, Texas)
was assessed a deferred fine of $15,000 and suspended from association with any FINRA member in all capacities for six months for allegedly using discretion to place trades in clients’ accounts.
FINRA’s findings stated that although the clients had given Guy Conger verbal permission to use discretion, he did not receive written authorization to use discretion in the accounts and his member firm had not accepted the accounts as discretionary.
Also, FINRA’s findings stated that Guy Conger caused his firm’s books and records to be inaccurate by mismarking order tickets as unsolicited when they were solicited, and mismarking order tickets as not discretionary trades when they were discretionary. Conger completed annual compliance attestations falsely stating that he had not used discretion in client accounts during the prior year, when, in fact, he had.
FINRA’s findings also included that Guy Conger made false, exaggerated, unwarranted, promissory or misleading statements or claims, and an unwarranted prediction of performance, in email communications with clients.
The suspension is in effect from February 20, 2018, through August 19, 2018.
(FINRA Case #2016050220701)
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, Guy Conger has 3 Disclosures on his report. Conger has been in the securities industry for 19 years and was listed with 5 firms, the most recent listed below:
10/24/2002 - 02/09/2017 MONEY CONCEPTS CAPITAL CORP - SAN ANTONIO, TX
If you suffered losses due to the actions or recommendations of broker GUY CONGER formerly with MONEY CONCEPTS CAPITAL CORP of SAN ANTONIO, TX, contact Soreide Law Group and speak to an experienced securities lawyer at no cost to you, regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
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