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Gisela Lake: KW Securities Advisor Fired by BB Graham & Company
Larkspur, California financial advisor Gisela Lake (CRD# 1121376) was recently fired by BB Graham & Company in connection with alleged rule violations. Financial Industry Regulatory Authority records show that she is currently registered as a broker with KW Securities Corporation.
Ms. Lake was discharged from her position at BB Graham & Company in June 2023, according to a disclosure on her BrokerCheck report. The disclosure explains that her termination stemmed from allegations that she failed in her supervisory duties “by not reporting a customer complaint to the firm and assisting in allowing the complaint to be settled away from the firm.”
Ms. Lake’s BrokerCheck report also discloses one investor complaint. Filed in 2012, it alleged that as a representative of KW Securities Corporation, she sold mutual fund shares without the customer’s permission. The complaint reached a settlement of $12,506. A statement included with the complaint’s disclosure notes that the transactions were reverse and the customer’s account “was restated for the shares.”
According to the Financial Industry Regulatory Authority, Gisela Lake holds 37 years of securities industry experience. Based in Larkspur, California, she has been a broker with KW Securities Corporation since 1997. Her past registrations include BB Graham & Company (Larkspur, California; 2021-2023), Tessara Financial Advisors (Larkspur, California; 2002-2022), Endeavor Group (Denver, Colorado; 1996-1997), GS2 Securities (Milwaukee, Wisconsin; 1994-1996), Associates Planners Securities Corporation (Boston, Massachusetts (1990-1993), Enex Securities Corporation (1989-1990), US Advisors (1988-1989), Outstanding Investments (1989), and Financial Planners Equity Corporation (1983-1987). Her credentials include the passage of seven securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Compliance Officer Examination, or Series 14; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Municipal Securities Representative Examination, or Series 52TO; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. She is licensed as a broker in California. (Information current as of June 11, 2023.)
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