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John Gaffney: Options Complaint Against Wildwood Advisor
Cetera Advisors representative John Gaffney (CRD# 2827905) allegedly recommended an unsuitable options strategy, according to a recent investor complaint against him. Financial Industry Regulatory Authority records show that he is a broker and investment advisor based in Wildwood, Florida. He was formerly registered with National Securities Corporation.
Mr. Gaffney’s BrokerCheck report discloses one recent investor complaint. Filed in May 2022, the complaint alleges that as a representative of National Securities Corporation, he recommended an options investment strategy that had “suitability problems.” The pending complaint alleges damages of $500,000.
A second investor complaint disclosed on Mr. Gaffney’s BrokerCheck report was filed in 2008. It alleged that as a representative of Citigroup Global Markets, he caused unspecified damages to a client who told him “she needed investments that would not lose money.” The complaint alleged unspecified damages and was denied by the firm.
According to the Financial Industry Regulatory Authority, John Gaffney holds 24 years of securities industry experience. Based in Wildwood, Florida, he has been a broker and investment advisor with Cetera Advisors since January 2022. His past registrations include B. Riley Wealth Management (Boca Raton, Florida; 2021-2022), National Securities Corporation (Wildwood, Florida; 2019-2022), LPL Financial (Whippany, New Jersey; 2007-2018), Citigroup Global Markets (Ridgewood, New Jersey; 1999-2007), and Prudential Securities Corporation (1997-1999). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Uniform Investment Adviser Law Examination, or Series 65; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in California, Florida, Georgia, Illinois, Massachusetts, Missouri, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Texas, and Virginia. (Information current as of July 10, 2022.)
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