Advisor Alert: Our Attorneys Are Investigating Mason Wayne Gann For Investment Fraud
Did You Lose Money Because of Mason Gann?
Filed: February 9, 2024
Mason Gann currently has one (1) pending judgment/lien event. Overall, he has been the subject of two (2) regulatory events, one (1) termination event, four (4) customer complaints, and one (1) judgment/lien event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Mason Wayne Gann.
Who Is Mason Wayne Gann?
- Advisor Name: Mason Wayne Gann
- Aliases: Mason Gann
- CRD: 4030936
- Location: Dallas, Texas
- Current Employer: Currently Not Registered
- Previous Firms: Berthel, Fisher & Company Financial Services, Inc., Milkie/Ferguson Investments, Inc., and Wachovia Securities, LLC
- Number of Known Customer Complaints: 4
- Number of Known Regulatory Events: 2
- Number of Known Termination Events: 1
- Number of Known Judgment/Lien Events: 1
- Can Mason Gann Be Sued: Yes, in Private Arbitration
- Can Mason Gann’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $75,000
- Highest Settlement: $40,000
If you have suffered investment losses by Mason Gann, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Mason Gann For Broker Misconduct
As of this publication date, Mason Gann has been the subject of 2 regulatory events, 1 termination event, 4 customer disputes, and 1 judgment/lien event. Let’s review them below.
In March 2020, a complaint was filed against or in reference to Mason Gann by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that Mr. Gann over concentrated the client’s assets in two stocks which were unsuitable and did not perform as expected. The client also alleges the firm failed to supervise the actions of the representative. Per the customer, he/she lost over $53,000 because of Mr. Gann’s actions. On June 4, 2020, Mr. Gann settled the claim for $4,500, and some or all of this amount may have been paid by Mr. Gann’s employer and/or insurance carrier.
In January 2020, FINRA initiated a regulatory action against or in reference to Mason Gann for allegedly recommending and effecting a risky options-trading strategy in a senior customer’s account, who had limited income, modest retirement savings, and minimal investment knowledge.
In April 2018, FINRA initiated a regulatory action against or in reference to Mason Gann for allegedly exercising discretion in six customers’ accounts without obtaining prior written authorization from the customers or prior written approval from his member firm.
In March 2018, a FINRA arbitration was filed against or in reference to Mason Gann by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that between 2012 to the present, Mr. Gann mishandled and misrepresented her account by placing her in unsuitable and risky investments. The client also alleges the firm failed to supervise the activity in her account. On October 30, 2018, Mr. Gann settled the claim for $31,250, and some or all of this amount may have been paid by Mr. Gann’s employer and/or insurance carrier.
In February 2018, Berthel, Fisher & Company Financial Services, Inc. terminated Mason Gann for possible violation of terms of heightened supervision.
In January 2018, a complaint was filed against or in reference to Mason Gann by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments in the client’s portfolio are unsuitable for his risk level and that the firm and the representative failed to watch over his account to prevent losses. He also alleges that the representative placed unauthorized trades in his account and churned to generate commissions. Per the customer, he lost over $75,000 because of Mr. Gann’s actions. On January 22, 2019, Mr. Gann settled the claim for $40,000, and some or all of this amount may have been paid by Mr. Gann’s employer and/or insurance carrier.
In September 2017, Mason Gann was the subject of a civil judgment or lien in the amount of $54,156.65. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In January 2015, a complaint was filed against or in reference to Mason Gann by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that there is churning in his account and has incurred losses.
How To File A Claim Against Mason Gann (previously with Berthel, Fisher & Company Financial Services, Inc., Milkie/Ferguson Investments, Inc., and Wachovia Securities, LLC) To Get Your Money Back
If you have questions about Mason Gann, Berthel, Fisher & Company Financial Services, Inc., Milkie/Ferguson Investments, Inc., Wachovia Securities, LLC, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.