Trawnegan Gall (CRD #6266415) Has Customer Dispute Disclosures on FINRA BrokerCheck
Trawnegan Gall (CRD #6266415) has been the subject of disclosure events reported through FINRA BrokerCheck. According to Trawnegan Gall’s FINRA BrokerCheck report accessed on January 20, 2026, he has been the subject of two customer dispute disclosures. If you have worked with Trawnegan Gall and you have concerns about his activity, keep reading.
BrokerCheck link: BrokerCheck
BrokerCheck report: BrokerCheck Report (PDF)
Investor Disputes / Customer Complaints
Trawnegan Gall’s FINRA BrokerCheck Report reflects two customer dispute disclosures. A summary of the disputes is below:
On January 10, 2022, a customer alleged that Trawnegan Gall failed to conduct adequate due diligence and suitability related to an investment in Senior Case Centers, LLC. The disclosure lists the product type as a private placement and alleged damages of $92,410.00. The matter was settled on July 11, 2023 for $14,999.00 (FINRA Docket/Case #22-00732).
On November 18, 2025, a customer alleged that Trawnegan Gall engaged in fraud, misrepresentation, omissions of fact, unsuitable recommendations, breach of contract, breach of fiduciary duty, and negligence. The disclosure relates to investment activity in September and October 2022 and lists the product type as a private placement. The claim seeks $756,377.00 in alleged damages and is pending in FINRA arbitration (Docket/Case #25-02463). The disclosure also includes a broker statement from Trawnegan Gall indicating the investors completed a 1031 exchange into multiple DST replacement properties and that the risks and illiquidity of DST investments were discussed with the investors.
Rule summary #1: FINRA Rule 2111 (Suitability)
FINRA Rule 2111 (Suitability) requires brokers and firms to have a reasonable basis to believe a recommended transaction or investment strategy is suitable for the customer based on the customer’s investment profile and the facts of the recommendation.
Rule summary #2: FINRA Rule 2010
FINRA Rule 2010 is a broad, principles-based rule requiring members and associated persons to observe high standards of commercial honor and just and equitable principles of trade. FINRA frequently cites Rule 2010 in matters involving unethical conduct.
Why this Matters to Investors (Regulation Best Interest)
Regulation Best Interest (Reg BI) is a U.S. securities regulation designed to strengthen the standard of conduct that broker-dealers owe to retail investors when making recommendations about securities transactions or investment strategies. Adopted by the U.S. Securities and Exchange Commission and effective as of June 30, 2020, Reg BI aims to enhance investor protection while preserving investor access to brokerage products and services.
Reg BI requires broker-dealers and financial advisors to act in the best interest of the retail customer at the time a recommendation is made, and not to place their own financial or other interests ahead of the customer’s. This represents a higher standard than the historical “suitability” requirement, which only required that recommendations be suitable, not necessarily optimal or conflict-free.
Reg BI is built around four key obligations:
- Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and recommendations, including fees, scope of services, and conflicts of interest.
- Care Obligation – Recommendations must be made with reasonable diligence, care, and skill, considering costs, risks, and alternatives.
- Conflict of Interest Obligation – Firms must identify, disclose, and mitigate or eliminate conflicts, particularly those that create incentives to favor one product over another.
- Compliance Obligation – Firms must establish policies and procedures designed to ensure compliance with Reg BI as a whole.
Importantly, Reg BI applies at the recommendation level, not as a continuous duty like the fiduciary standard applicable to registered investment advisers. Still, it significantly narrows the gap by emphasizing cost considerations, conflict management, and investor-focused decision-making.
Overall, Regulation Best Interest seeks to promote transparency, improve the quality of investment recommendations, and reinforce trust between retail investors and broker-dealers in the U.S. securities markets.
Background Information (from BrokerCheck)
Based on his BrokerCheck Report, Trawnegan Gall:
- Is currently registered with WealthForge Securities, LLC and located in Richmond, Virginia.
- Has passed the Securities Industry Essentials (SIE), Series 7, and Series 63 exams.
- Was previously registered with firms that include Cabot Lodge Securities LLC and Sandlapper Securities, LLC.
Kurta Law Can Help
If you have worked with Trawnegan Gall and you have concerns about his activity, you may have legal options. Depending on the facts of your situation, investors may be able to pursue recovery through FINRA arbitration or other legal claims. To learn more, call 877-600-0098 or email info@kurtalawfirm.com for a free consultation.
Helpful resources: Private Placements | 1031 Exchange Rules
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