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Garrick Gookin is the Subject of a Suitability Dispute

Garrick Gookin (CRD #: 4925108), a broker registered with Centaurus Financial is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on July 19, 2024. Details concerning this dispute are provided below. 

Investor Allegations 

On May 31, 2024, an investor alleged that Garrick Gookin recommended unsuitable, high-risk, illiquid investments. He also allegedly breached his fiduciary duty. The investor is seeking $100,000. 

FINRA Rule 2111 – Unsuitable, Illiquid Investments

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Brokers must also consider the investment time horizon and the investor’s liquidity needs – illiquid, long-term investments often do not suit a client’s best interests. 

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Fiduciary Duties

Brokers are often dually registered as Registered Investment Advisers (RIAs) with the SEC. RIAs are fiduciaries, and fiduciaries are required to act in their clients’ best interests. 

Background Information 

Garrick Gookin has passed the following exams: 

  • Series 66 – Uniform Combined State Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in California, Indiana, and Pennsylvania. He is also a registered investment adviser in California. 

During his 19 years of experience, Garrick Gookin has registered with five firms: 

  • Centaurus Financial (CRD #: 30833) 
  • Questar Asset Management (CRD #: 133358) 
  • Questar Capital Corporation (CRD #: 43100) 
  • Woodbury Financial Services (CRD #: 421) 
  • Edward Jones (CRD #: 250) 

Kurta Law Can Help 

If you have worked with Garrick Gookin and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.