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Gary Lyle Pevey formerly with Mutual Securities, Inc. Has 3 Customer Complaints for Alleged Broker Misconduct in the Past 2 Years

Who is Gary L. Pevey formerly with Mutual Securities, Inc.?

Gary Pevey (CRD #2129469) who was formerly registered with Mutual Securities, Inc. and located in Sacramento, California is a subject of one of our many securities industry sales practice abuse investigations. Prior to Mutual Securities, Inc., Gary Pevey was associated with 2 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Gary Peavy has had his own problems with the regulators.  In January 2019, he was suspended by FINRA in all capacities for 12 months for allegedly engaging in private securities transactions without providing notice to, or obtaining approval from his employer. 

The allegations are that Gary Peavy solicited investors to purchase promissory notes relating to a real estate investment fund and received over $40,000 in commissions in connection with those transactions in violation of his employer’s written supervisory procedures and FINRA Rules of Conduct.  He was also fined $10,000 and ordered to pay $40,000 in disgorgement of the commissions he received. 

Mutual Securities, Inc. Broker Misconduct

In his career, Gary Pevey has been the subject of 3 customer complaints that we know about, all of those complaints were filed in the last 2 years to recover investment losses. Two of Gary Pevey’s 3 customer complaints were settled in favor of investors. One of the complaints was recently denied and the date, the customer is not taking any further action. 

Allegations Against Gary Pevey  

The allegations made in all three FINRA reported arbitration claim settlements and pending complaints for investment losses are that Gary Peavy offered and sold high risk in fraudulent promissory note investments.

Gary Pevey Red Flags & Your Rights as An Investor

Of course, Gary Pevey did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Gary Pevey at Mutual Securities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Gary Pevey has engaged in any stockbroker misconduct that may have caused them investment losses.

The large number of customer complaints at Mutual Securities, Inc. about Gary Pevey also raises questions about its supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Mutual Securities, Inc.

If you have questions about Mutual Securities, Inc. and/or Gary Peveyand the management or performance of your accounts please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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