Garrick Gookin: SWPMG Advisor Faces $100K Complaint

Rocklin, California financial advisor Garrick Gookin (CRD# 4925108) recently received an investor complaint alleging that his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Centaurus Financial, doing business as South Placer Wealth Management Group.

Mr. Gookin’s BrokerCheck report discloses one investor complaint. Filed in May 2024, it alleges that as a representative of Centaurus Financial, he breached his fiduciary duty and recommended an unsuitable, high-risk corporate bond investment. The pending complaint alleges damages of $100,000.

In a statement included with the complaint’s disclosure, Mr. Gookin defends himself against the allegations. “I vehemently deny any wrongdoing and assert that the allegations are completely without merit,” he writes. “The investments about which the customer complained were suitable and were recommended based on the customer’s objectives, goals and financial circumstances and were offered only after his review of all material documentation related to the investment.”

South Placer Wealth Management Group’s website includes a profile of Mr. Gookin that describes his qualifications and experience. “Garrick founded South Placer Wealth Management Group (SPWMG) in 2005 to help individuals and small business owners make the most of their hard-earned assets in retirement,” it states. “Garrick is heavily involved in the estate planning and tax side of the business. SPWMG has received numerous awards, including Best of the Best in the Loomis Basin area in 2009 and 2010, as well as Sac Mags 5-Star Wealth Advisors List.”

According to the Financial Industry Regulatory Authority, Garrick Gookin holds 19 years of securities industry experience. Based in Rocklin, California, he has been registered as a broker and an investment advisor with Centaurus Financial since 2018, doing business as South Placer Wealth Management Group. His registration history includes Questar Capital Management, Woodbury Financial Services, and Edward Jones. His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed in California, Indiana, and Pennsylvania. (Information current as of June 29, 2024.)

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