FINRA Broker Check: William Walter Gammon

Disclosure Events Details

• This is a portion of the BrokerCheck Report for William Walter Gammon CRD# 1811853. Data is current as of April 12, 2016. For the full report, please review the report’s PDF.

When evaluating this information, please keep in mind that a disclosure event may be pending or involve allegations that are contested and have not been resolved or proven. The matter may, in the end, be withdrawn, dismissed, resolved in favor of the broker, or concluded through a negotiated settlement for certain business reasons (e.g., to maintain customer relationships or to limit the litigation costs associated with disputing the allegations) with no admission or finding of wrongdoing. This report provides the information exactly as it was reported to CRD and therefore some of the specific data fields contained in the report may be blank if the information was not provided to CRD.

21 Final Customer Disputes, 4 Pending Customer Disputes, and no Customer Disputes on Appeal.

1. Customer Dispute – Settled

This type of disclosure event involves a consumer-initiated, investment-related complaint, arbitration proceeding or civil suit containing allegations of sale practice violations against the broker that resulted in a monetary settlement to the customer.

• Reporting Source: Firm
• Employing firm when activities occurred which led to the complaint: QUESTAR CAPITAL CORPORATION AND CENTAURUS
• Allegations: ALLEGED VIOLATIONS OF COMMON LAW FRAUD, BREACH OF FIDUCIARY DUTY, FAILURE TO SUPERVISE, NEGLIGENCE IN THE SALE OF VARIOUS REITS AND DEBENTURES FROM 9/11/2006 TO 9/20/2006
• Product Type: REAL ESTATE SECURITY
• Alleged Damages: $500,000 to $700,000
• Date Notice/Process Served: 02/18/2015
• Arbitration Pending? No
• Disposition: Settled
• Disposition Date: 06/10/2015
• Monetary Compensation
• Amount:$8,375

2. Customer Dispute – Settled

This type of disclosure event involves a consumer-initiated, investment-related complaint, arbitration proceeding or civil suit containing allegations of sale practice violations against the broker that resulted in a monetary settlement to the customer.

• Reporting Source: Firm
• Employing firm when activities occurred which led to the complaint: QUESTAR CAPITAL CORPORATION AND CENTAURUS
• Allegations: ALLEGED VIOLATIONS OF COMMON LAW FRAUD, BREACH OF FIDUCIARY DUTY, FAILURE TO SUPERVISE, NEGLIGENCE IN THE SALE OF VARIOUS REITS AND DEBENTURES
• Product Type: REAL ESTATE SECURITY
• Alleged Damages: $500,000 – $700,000
• Date Notice/Process Served: 02/09/2015
• Arbitration Pending? No
• Disposition: Settled
• Disposition Date: 06/10/2015
• Monetary Compensation
• Amount:$7,500

3. Customer Dispute – Settled

This type of disclosure event involves a consumer-initiated, investment-related complaint, arbitration proceeding or civil suit containing allegations of sale practice violations against the broker that resulted in a monetary settlement to the customer.

• Reporting Source: Firm
• Employing firm when activities occurred which led to the complaint: QUESTAR CAPITAL CORPORATION AND CENTAURUS
• Allegations: ALLEGED VIOLATIONS OF COMMON LAW FRAUD, BREACH OF FIDUCIARY DUTY, FAILURE TO SUPERVISE, NEGLIGENCE IN THE SALE OF VARIOUS REITS AND DEBENTURES FROM 9/11/2006 TO 9/20/2006
• Product Type: REAL ESTATE SECURITY
• Alleged Damages: $100,000 – $499,999
• Date Notice/Process Served: 01/21/2015
• Arbitration Pending? No
• Disposition: Settled
• Disposition Date: 06/10/2015
• Monetary Compensation
• Amount:$27,500

4. Customer Dispute – Settled

This type of disclosure event involves a consumer-initiated, investment-related complaint, arbitration proceeding or civil suit containing allegations of sale practice violations against the broker that resulted in a monetary settlement to the customer.

• Reporting Source: Firm
• Employing firm when activities occurred which led to the complaint: CENTAURUS FINANCIAL, INC
• Allegations: ALLEGATIONS INCLUDE VIOLATIONS OF FEDERAL SECURITIES LAWS, VIOLATION OF MARYLAND SECURITIES ACT, VIOLATIONS OF MARYLAND CONSUMER PROTECTION ACT, BREACH OF CONTRACT, COMMON LAW FRAUD, BREACH OF FIDUCIARY DUTY, AND NEGLIGENCE IN RELATION TO THE INVESTMENTS PURCHASED IN 2008
• Product Type: TENANT IN COMMON
• Alleged Damages: $474,937.50
• Date Notice/Process Served: 09/05/2013
• Arbitration Pending? No
• Disposition: Settled
• Disposition Date: 05/05/2015
• Monetary Compensation
• Amount:$22,000

5. Customer Dispute – Settled

This type of disclosure event involves a consumer-initiated, investment-related complaint, arbitration proceeding or civil suit containing allegations of sale practice violations against the broker that resulted in a monetary settlement to the customer.

• Reporting Source: Firm
• Employing firm when activities occurred which led to the complaint: AMERIPRISE FINANCIAL SERVICES, CENTAURUS FINANCIAL, INC, QUESTAR CAPITAL CORPORATION, AND US ALLIANZ SECURITIES, INC.
• Allegations: ALLEGATIONS INCLUDE NEGLIGENT MISREPRESENTATION, BREACH OF FIDUCIARY DUTY AND BREACH OF THE CONVENANT OF GOOD FAITH AND FAIR DEALING, AND BREACH OF CONTRACT WITH RESPECT TO THE REAL ESTATE INVESTMENTS PURCHASED
• Product Type: REAL ESTATE SECURITY
• Alleged Damages: $700,000
• Date Notice/Process Served: 09/03/2013
• Arbitration Pending? No
• Disposition: Settled
• Disposition Date: 10/05/2015
• Monetary Compensation
• Amount:$340,000