Gary Benson is a California based securities broker. He has worked in the securities industry for thirty-four years. During his career, he has been registered with four different securities firms.
His registrations include; Mutual Benefit Financial Service Company (1984), Associated Securities Corp. (1984-1999), National Planning Coporation (1999-2006), and NFB Financial Group (2006-Present).
Gary Benson’s publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career.
In May 1992, a customer alleged that Gary Benson negligently misrepresented facts, breached his fiduciary duty, and acted negligently in the purchase of various public limited partnerships, mutual funds, and a single premium deferred annuity. This case was settled for $40,000 in damages.
In December 2010, a customer alleged breach of fiduciary duty. This case was settled for $110,000 in damages.
In September 2011, a customer alleged that Benson failed to adequately explain the details of an investment which led to a misunderstanding on the part of the customer. This case was settled for $30,000 in damages.
In December 2012, a customer alleged that Gary Benson failed to conduct due diligence, misrepresented material facts, and made unsuitable investment recommendations that were unsuitable based on the customer’s financial situation, needs, and investment objectives. This case was settled for $225,000 in damages.
In January 2013, a customer alleged unsuitable investment recommendations. This case was settled for $215,000 in damages.
In July 2014, a customer alleged that Gary Benson converted funds meant for her, breached his fiduciary duty. She also alleged imposition of a Constructive Trust. This case was settled for $210,000 in damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Gary Benson, please contact Oakes & Fosher for a free and private consultation.