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Legacy Financial’s Christopher Gordon Has Oil and Gas Complaints
Two investor complaints against Annapolis financial advisor Christopher Gordon (CRD# 5714224) allege that he sold unsuitable investments. Financial Industry Regulatory Authority records show that he is a broker and investment advisor with Cambridge Investment Research, doing business as Legacy Financial.
Mr. Gordon’s BrokerCheck report discloses two investor complaints against him. Both complaints were filed in 2022 and allege that he sold an unsuitable oil and gas investments while a representative of Lincoln Financial Securities Corporation. The complaints, which allege damages of an unspecified amount, both remain pending.
FINRA’s suitability rule stipulates that stockbrokers must “have a reasonable basis to believe” that the investment products and strategies they recommend to their clients are appropriate, or suitable, for a client’s background and objectives. FINRA Rule 2111 specifies that brokers must base their determinations regarding an investment’s suitability “on the information obtained through reasonable diligence of the firm or associated person to ascertain the customer’s investment profile.” That profile includes the customer’s age, risk tolerance, liquidity needs, tax status, net worth, and more. “A broker’s ‘recommendation,’ which is based on the facts and circumstances of a particular case, is the triggering event for application of the rule,” the rule states.
According to Financial Industry Regulatory Authority records, Christopher Gordon holds 12 years of securities industry experience. Based in Annapolis, Maryland, he has been a broker and investment advisor with Cambridge Investment Research since 2016, doing business as Legacy Financial. He was previously registered with Lincoln Financial Securities Corporation in Annapolis from 2009 until 2016. His credentials include the passage of three securities industry qualifying examinations: the General Securities Representative Examination, or Series 7; the Uniform Combined State Law Examination, or Series 66; and the Securities Industry Essentials Examination, or SIE. He holds 28 state licenses. (Information current as of July 5, 2022.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.