Randall Gladden, formerly with Securities Equity Group, Has License Revoked by Arizona Corporation Commission Investigation
Have you lost money with financial advisor J. Randall Gladden from Aliso Viejo, California? We are continuing our investigation into allegations made by FINRA (the Financial Industry Regulatory Authority) and the Arizona Corporation Commission against Randall Gladden. FINRA alleged that Gladden sold $2.1 million worth of notes or “units” in the Church Development Fund, LLC, and the Church Fund, LLC, both of which Randall was responsible for managing and operating.
It was alleged that Gladden did not have permission from his brokerage firm, Securities Equity Group, to sell the Church Development Fund notes or units to his clients, which violates FINRA rules. The Church Development Fund was purported to make loans to churches, including for real estate. In July 2016, Gladden settled FINRA’s claims. To settle these claims, Gladden agreed to pay a $15,000 fine and agreed to a one-year suspension.
In late 2016, Gladden was also the subject of a regulatory action by the Arizona Corporation Commission. Arizona’s allegations mirror those of FINRA. In March 2017, Arizona revoked Gladden’s licenses as a securities salesman and investment advisory representative. Randall Gladden had been a registered representative and financial advisor with Securities Equity Group from April 2002 to March 2016. He was worked in branch offices in Aliso Viejo and El Cajon, California.
Broker-dealers like Securities Equity Group have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Our attorneys have represented hundreds of investors who have defrauded by their financial advisor or stockbroker. We have also previously represented clients throughout Arizona and California.
Click to view: Gladden BrokerCheck 12.29.15 (2)
Click to view: Gladden, Randall Arizona Complaint (1)
Click to view: Gladden, Randall Arizona Order
Click to view: Gladden, Randall FINRA AWC (2)
If you have lost money with Randall Gladden, Church Development Fund, or Securities Equity Group and want to hear about ALL legal options, please visit https://www.israelsneuman.com or call us at 720-599-3505.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.