Gordy Gutowsky: Ex-Cetera Advisor Receives $400K Complaint

A recent investor complaint against Chanhassen, Minnesota financial advisor Gordy Gutowsky (CRD# 3089973) alleges fraud and breach of contract. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Osaic Wealth, having previously been registered with SagePoint Financial and Cetera Advisors.

Mr. Gutowsky’s BrokerCheck report discloses one investor complaint. Filed in September 2024, it alleges that as a representative of Cetera Advisors, he breached his fiduciary duty, committed fraud, acted negligently, and breached contract in connection with a real estate investment. The pending complaint alleges damages of $400,000.

Mr. Gutowsky’s website includes a profile describing his experience and goals as a financial advisor. “Frequently working with young professionals, Gordy understands that many of his clients want to proactively build and manage their wealth, but aren’t sure what steps to take or where to start,” it explains. “Through a holistic approach, he offers objective advice on the strategies, products, and services that may help clients pursue their goals. Relying on his experience and resources as an independent advisor, his aim is to simplify clients’ investment decisions.”

According to the Financial Industry Regulatory Authority, Gordy Gutowsky holds 26 years of securities industry experience. Based in Chanhassen, Minnesota, he has been registered as a broker and an investment advisor with Osaic Wealth since 2023. His past registrations include SagePoint Financial (Chanhassen, Minnesota; 2022-2023), Cetera Advisors (Chanhassen, Minnesota; 2012-2022), LPL Financial (St. Louis Park, Minnesota; 2010-2012), Eagle One Investments (Edina, Minnesota; 2007-2010), Financial Network Investment Corporation (Wayzata, Minnesota; 1999-2007), and Pruco Securities (Newark, New Jersey (1998-1999). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Alabama, Arizona, California, Colorado, Florida, Indiana, Iowa, Minnesota, North Dakota, Texas, and Wisconsin. (Information current as of September 28, 2024.)

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