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Investor Seeks Six Figures in Dispute with Trawnegan Gall

May 4, 2022 Investor Disputes

Trawnegan Gall (CRD #: 6266415), a broker registered with Wealthforge Securities, is involved in a pending dispute, according to his BrokerCheck record, accessed on April 25, 2022. Read on if you have questions about Trawnegan Gall’s conduct as a broker.

Investor Dispute

In a dispute filed on January 10, 2022, an investor alleged Trawnegan Gall failed to identify events that could lead to the total loss of an investment in Senior Care Centers, LLC in 2017. He allegedly failed to perform his proper due diligence. The investor seeks $100,000 in damages in this pending dispute.

Allegations of Negligence

On October 9, 2019, an investor alleged that Trawnegan Gall breached his contract; engaged in negligent behavior, fraud, and both intentional and negligent misrepresentation and omission of information; failed to supervise as a control person; and committed unspecified violations of suitability.

The investor further alleges violations of the California Securities Act and FINRA Rules, culminating in the loss of an investment opportunity.

The investor sought $693,123.29 in damages and received a $325,000 settlement.

What qualifies as broker negligence?

Negligence can come in many forms, including failure to inform clients or unsuitable investment recommendations. When negligence violates FINRA rules, investors can pursue arbitration to recover their losses.

FINRA Rule 2020 and 3110

Fraudulent behavior, including the misrepresentation or omission of information, is prohibited by FINRA Rule 2020.

FINRA Rule 3110 requires firms to maintain supervisory systems to ensure their members follow FINRA regulations, including making sure that supervisors have the necessary training or experience for their role.

Background Information

Trawnegan Gall has passed the following exams:

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

Trawnegan Gall is a registered broker in 45 states, as well as the District of Columbia, Puerto Rico, and the Virgin Islands.

Previously, he worked for Cabot Lodge Securities (CRD#:159712) and Sandlapper Securities (CRD#:137906).

Kurta Law Can Help

If you worked with Trawnegan Gall and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.