Investment Losses with William W. Gammon
According to reports, the CFP Board permanently revoked the CFP certification of Ameriprise adviser William W. Gammon, July 2, 2016, after he failed to answer the board’s complaint in a timely fashion. The board alleged that Gammon, based in Towson, Maryland, purportedly recommended and sold clients alternative investments including non-traded REITs, debentures and equipment leasing funds that were unsuitable given the clients’ ages, risk tolerances and investment objectives.
According to the reports, the board found that the investments allegedly unsuitably concentrated the clients’ assets in alternative and real estate investments and the investments did not meet the clients’ liquidity restrictions.
According to his FINRA BrokerCheck record, Gammon previously worked at Centaurus Financial and has 26 disclosure events since becoming an adviser in 1988.
The White Law Group is investigating the liability that Gammon’s former employers may have for his actions.
Brokerage firms are required to adequately supervise their agents to ensure they are complying with FINRA rules and they can held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.
Recovery of Investment Losses
If you suffered losses investing with William Gammon, the attorneys at The White Law Group may be able to help. For a free consultation, please call (888) 637-5510.
The foregoing information, which is all publicly available, is being provided by The White Law Group. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
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