Former LPL Financial Advisor Bradley Gardner Barred by FINRA

Bradley Gardner (CRD#: 4423724) is a former registered broker and investment advisor. From 2012 to 2017, Mr. Gardner was a representative of LPL Financial based in Fort Bragg, California. This broker has also worked for Raymond James Financial Services, Wells Fargo Advisors Financial Network, and Edward Jones.

On June 4th, 2018, the Financial Industry Regulatory Authority (FINRA) indefinitely barred Mr. Gardner from the securities industry. According to investigators, Mr. Gardner unlawfully converted the funds of an elderly customer for his own personal use. Here, our investment fraud lawyers review the FINRA sanctions against this broker.

Allegations of Elder Financial Fraud: Former LPL Financial Broker Bradley Gardner

FINRA reports that Bradley Gardner informed an elderly investor that she could pre-pay her advisory fees by writing him a personal check. She followed these instructions, writing a $7,400 check to Mr. Gardner.

However, Mr. Gardner simply deposited this check directly into his own bank account. His member firm (LPL Financial) was never notified of this arrangement and the elderly customer was still charged full fees for her account.

Notably, Mr. Gardner’s instructions were directly against the firm’s policy. LPL Financial prohibits its representatives from getting payment directly from its customers. Without admitting or denying the allegations of elder financial abuse, Bradley Gardner consented to an indefinite bar from the securities industry.

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