Gary James Najarian, of West Newton, Massachusetts, a stockbroker registered with Perpetual Financial, has been fined $72,500.00 by Florida Office of Financial Regulation because Najarian made investment recommendations to customers without having registration in the state. Order No. 112091-SR (February 15, 2023). Najarian also consented to a Cease and Desist order.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Najarian is also referenced in a customer initiated investment related NASD securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Najarian made unsuitable recommendations and engaged in unauthorized trading in investments. NASD Arbitration No. 91-03521 (June 1, 1992).
Najarian has been associated with Perpetual Financial since March 22, 2005. He has been associated with Osaic Wealth Inc. as a stockbroker since March 15, 1993, and as an investment advisor representative since December 12, 2006.