Trevor Lee Gordon of Greenville, South Carolina, a stockbroker registered with Sandlapper Securities LLC, was sanctioned by FINRA based upon allegations that Gordon failed to comply with an arbitration award or otherwise confirm compliance with the regulator. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01008 (August 20, 2021). Gordon and Sandlapper Securities LLC were ordered to pay $580,863.00 in compensatory damages to a customer for sales practice violations. The Statement of Claim alleged unsuitable recommendations, breach of fiduciary duty, negligence, failure to supervise certain representatives, and violation of state securities laws.
Gordon has already been barred from associating with any FINRA member in any capacity for fraud. Department of Enforcement v. Trevor Lee Gordon, Extended Hearing Panel Decision, Disciplinary Proceeding No. 2014041860801 (July 27, 2020).
According to the Decision, during the time that he was associated with Sandlapper Securities, Gordon charged excessive markups when selling interests as “real estate” to investors. At no point did Gordon disclose to investors the basis or extent of the price markups. Gordon believed that type of disclosure was not necessary because he thought the markups were not securities. FINRA also determined that the markups were unreasonable, and that Gordon had no adequate basis to charge them. Gordon violated FINRA Rules 2010 and 2020.
FINRA Public Disclosure also shows that Gordon is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $693,123.29 in damages based upon allegations that Gordon was negligent, made unsuitable recommendations, made misrepresentations of material fact, made omissions of material fact, committed fraud, failed to supervise certain registered representatives, violated state securities laws, violated FINRA rules, and breached his fiduciary duties in connection with the recommendation and sale of direct investments (DPPs and LPs) during the time that Gordon was associated with Sandlapper Securities. FINRA Arbitration No. 19-03018 (October 8, 2019).
On August 12, 2020, another customer initiated investment related FINRA securities arbitration claim involving Gordon’s conduct was settled for $57,000.00 in damages based upon allegations that Gordon made unsuitable recommendations of direct investments (DPPs and LPs), was negligent, committed fraud, breached his fiduciary duties, failed to supervise certain registered representatives, and committed elder abuse. FINRA Arbitration No. 19-03240.
Gordon was associated with Sandlapper Securities LLC in Greenville, SC, as a stockbroker from April of 2006 to June of 2020.
