Rich Gibson Allegedly Misrepresented Delaware Statutory Trusts

Rich Gibson (CRD #: 5352063), a broker registered with Purshe Kaplan Sterling Investments, is the subject of an investor dispute. This dispute appears on his BrokerCheck record, accessed on August 21, 2024. Details concerning this dispute are provided below. 

Investors may have engaged Rich Gibson’s services through Global View Capital Advisors. 

Investor Allegations 

On June 20, 2024, investors alleged that Rich Gibson misrepresented four unsuitable Delaware Statutory Trusts. These complex investments may be high-risk. 

The investors are seeking $2,160,000. 

What is an Unsuitable Investment? 

FINRA Rule 2111, a.k.a. The Suitability Rule, requires brokers to tailor their investment recommendations to suit investors’ needs. 

Rule 2111 also requires brokers to consider the following investor characteristics: 

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investments that do not fit the criteria established by the investor profile may be unsuitable. Investors who rely on brokers for recommendations may recover their losses by pursuing FINRA arbitration.

Background Information 

Rich Gibson has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• Series 22TO Direct Participation Programs Representative Examination 
• SIE – Securities Industry Essentials Examination 
• Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered broker in California, Pennsylvania, and Virginia. He is a registered investment adviser in California and Texas. 

During his 16 years of experience, Rich Gibson has registered with six firms: 

• Purshe Kaplan Sterling Investments (CRD #: 35747) 
• Global View Capital Management (CRD #: 158292) 
• The Strategic Financial Alliance (CRD #: 126514) 
• TransAmerica Financial Advisors (CRD #: 16164) 
• Investment Advisors International (CRD #: 139233) 
• World Group Securities (CRD #: 114473) 

Kurta Law Can Help 

If you worked with Rich Gibson and you 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.