Gerald Tagge, of Omaha, Nebraska, a stockbroker currently registered with Cetera Advisors LLC, has been named or tagged in a customer initiated investment related written complaint on September 30, 2015, in which the customer requested $125,000.00 in damages based upon allegations that Tagge solicited and ultimately accepted promissory notes from the customer outside the auspices of his firm.
Tagge was later fined $2,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Tagge engaged in borrowing arrangements with a customer of the firm notwithstanding the conduct having been prohibited by his firm. Letter of Acceptance, Waiver and Consent, No. 2015046698101 (June 7, 2016). FINRA found that Tagge’s conduct was violative of Rules 2010 and 3240, as well as NASD Rule 2370.
FINRA Public Disclosure reveals that Tagge has been tagged in two additional customer initiated investment related disputes containing allegations of his misconduct while employed with Vestax Securities Corporation and Royal Alliance Associates, Inc. Particularly, on May 18, 2004, a customer was awarded $144,845.00 in damages according to an investment related arbitration claim involving Tagge’s conduct, based upon allegations which included fraud, negligence, as well as breach of contract and fiduciary duty. The customer additionally alleged that Tagge failed to liquidate the customer’s stock purchase plan according to the customer’s instructions.
Subsequently, on May 15, 2004, a customer filed an investment related complaint involving Tagge’s conduct, in which the customer requested $120,000.00 in damages based upon allegations that Tagge made unsuitable recommendations concerning an irrevocable life insurance trust and variable universal life insurance policy.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
