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Gar McCray: $1.8 Million Complaint Against Vanderbilt Broker

Gar McCray (CRD# 1368968), a broker and investment adviser in Livonia, Michigan and Tierra Verde, Florida recently received a pending customer complaint alleging more than $1 million in damages. According to records provided by the Financial Industry Regulatory Authority (FINRA) McCray is currently registered with Vanderbilt Securities.

Gar McCray’s BrokerCheck report lists a single pending customer complaint against him. Filed in February 2021, the complaint alleges that as a representative of Vanderbilt Securities, he recommended unsuitable investments and mismanaged the investments in question, which the complaints describe as variable annuities. The pending complaint alleges damages of $1,898,821.

Financial Industry Regulatory Authority records state that Gar McCray has been a registered broker and investment adviser with Vanderbilt Securities’s Livonia, Michigan and Tierra Verde, Florida branch offices since 2018. His prior registrations include JW Cole Financial in Livonia, Michigan, where he was registered in 2018; TLG Advisors in Livonia, Michigan, where he was registered from 2013 to 2018; The Leaders Group in Livonia, Michigan, where he was registered from 2012 to 2018; Questar Capital Corporation in Northville, Michigan, where he was registered in 202; Fortune Financial Services in Monaca, Pennsylvania, where he was registered from 2007 to 2008; Crown Capital Securities in Orange, California, where he was registered from 2004 to 2006; Questar Capital Corporation in Minneapolis, Minnesota, where he was registered from 199 to 2002; Sigma Financial Corporation in Ann Arbor, Michigan, where he was registered from 1996 to 1998; Walnut Street Securities in El Segundo, California, where he was registered from 1992 to 1996; Planned Investments in Atlanta, Georgia, where he was registered in 1991; and First American National Securities, where he was registered from 1985 to 1991.

McCray has passed five securities industry qualifying examinations: the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the Uniform Investment Adviser Law Examination, or Series 65; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; and the Investment Company Products/Variable Contracts Principal Examination, or Series 26. He currently holds eight state licenses. (Information current as of June 6, 2021.)

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