FINRA Bars Janie Garza-Clark

The Financial Industry Regulatory Authority (FINRA) reports important information about securities broker Janie Garza-Clark (also known as Janie Clark and Janie Garza) [CRD: 1010752, Scottsdale, Arizona]. Not only has FINRA sanctioned Clark for her failure to testify in an investigation, but investors disputed the sales practices of the securities broker. However, Clark denies the allegations. Read on to learn more about the allegations against Clark.

FINRA Bars TCFG Wealth Management LLC Securities Broker For Failure To Testify

Particularly, on April 25, 2022, FINRA issued Case: 2022073761401, which contains sanctions against Janie Garza-Clark for infractions. Specifically, Clark was barred as a securities broker. Mainly, FINRA alleged that Clark failed to testify during an investigation into possible FINRA rule violations.

Namely, FINRA says that in March 2022, Garza-Clark was sent a request by FINRA to appear for testimony concerning her relationship with a past client, including the possible receipt of cash gifts from the past client. On April 1, 2022, Garza-Clark indicated that she had received FINRA’s request but would not appear for testimony at any time. Garza-Clark violated FINRA Rules 2010 and 8210 as a result.

Janie Garza-Clark Disclosed Written Complaint By Hornor Townsend Kent Inc. Client

Evidently, a client of Hornor Townsend Kent Inc. contested Janie Garza-Clark’s sales practices, according to a complaint dated March 17, 2010. Allegedly, Clark caused the client to experience damages on variable annuities. Therefore, the client requested compensatory relief from Hornor Townsend Kent Inc. or Clark in the amount of $10,469. However, the firm denied this complaint.

Hornor Townsend Kent Inc. Investor Accused Garza-Clark Of Nondisclosures

Also, a Hornor Townsend Kent Inc. client filed a complaint about Janie Garza-Clark. Namely, the client alleged that Clark failed to explain a transfer penalty and surrender charge on a variable annuity. Because of this, the client allegedly sustained damages. Therefore, on November 2, 2015, Hornor Townsend Kent Inc. settled this matter by paying the client $290,549 in damages.

Janie Garza-Clark Disclosed Unsuitable Recommendations Allegations By Hornor Townsend Kent Inc. Client

Evidently, a client of Hornor Townsend Kent Inc. contested Janie Garza-Clark’s sales practices by filing FINRA Arbitration: 20-01724. Allegedly, Clark made unsuitable recommendations, acted unethically, breached a contract, breached fiduciary duties, failed to supervise certain registered representatives, and violated state securities laws. It appears that the direct investment (DPPs and LPs) transactions resulted in damages. Therefore, Hornor Townsend Kent Inc. opted to settle the matter on March 4, 2022, by compensating the client in the amount of $290,000.

Hornor Townsend Kent Inc. Disaffiliates With Securities Broker For Unauthorized Client Documents

Specifically, on December 1, 2015, Hornor Townsend Kent Inc. terminated the registration of Clark. Evidently, Hornor Townsend Kent Inc. alleged that Clark maintained signed but otherwise incomplete forms.

TCFG Wealth Management LLC Securities Broker Terminated For Violation Of Policy

Particularly, on May 20, 2020, TCFG Wealth Management LLC terminated the registration of Clark. Evidently, TCFG Wealth Management LLC alleged that Clark failed to comply with the securities broker dealer’s policies.

Janie Garza-Clark Employment Information

• Clark worked for Sagepoint Financial Inc. in Scottsdale, AZ, as a securities broker from October of 2016 to July of 2017.
• Clark worked for TCFG Wealth Management LLC in Scottsdale, AZ, as a securities broker from July of 2017 to May of 2020.

Did TCFG Wealth Management LLC, Garza-Clark Cause You To Experience Damages?

Did you sustain damages because of Janie Garza-Clark? If so, reach out to Soreide Law Group at (888) 760-6552 and talk with a securities attorney concerning the potential recovery of your investment losses or other damages. Soreide Law Group, who has effectively recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances costs. Clark and brokerage firms Clark worked for deny accusations of sales practice violations.