Joe Gainer Barred by FINRA

Joe Gainer (CRD #: 4517367) has been barred by FINRA. This disclosure appears on his BrokerCheck record, accessed on March 5, 2024. Keep reading if you have questions regarding his alleged conduct. 

FINRA Bar

On December 1, 2023, Joe Gainer consented to the sanction and the entry of findings that he refused to appear for on-the-record testimony by FINRA in connection to its investigation into an internal review by his firm. The investigation involved allegations that he failed to disclose a position of trust in relation to receiving a $3 million dollar gift. 

You can read a copy of the bar here. 

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failing to disclose a position of trust may violate this rule. 

Investor Allegations 

On September 23, 2020, an investor’s authorized representative alleged that an investment was overly aggressive for the client’s age. The investor sought $221,630.00 but the dispute was denied by the firm. Investors should know, however, that firms can deny disputes without an external review. Investors may be able to recover their losses after a denial by pursuing FINRA arbitration. 

Background Information 

Joe Gainer 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 

During his 19 years of experience, Joe Gainer registered with six firms: 

• Wells Fargo Clearing Services (CRD #: 19616) 
• SunTrust Investment Services (CRD #: 17499) 
• Hancock Investment Services (CRD #: 40637) 
• LPL Financial Corporation (CRD #: 6413) 
• Edward Jones (CRD #: 250) 
• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 

Kurta Law Can Help 

If you have worked with Joe Gainer and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.