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Rebecca Gaylor: $100K Oil & Gas Complaint Against Phoenix Advisor
JW Cole Financial advisor Rebecca Gaylor (CRD# 1452113) recently received an investor complaint alleging her advice resulted in six-figure losses. Financial Industry Regulatory Authority records show that she is a broker and an investment advisor based in Phoenix, Arizona. She is also known as Rebecca Morgan.
Ms. Gaylor’s BrokerCheck report discloses one investor complaint. Filed in April 2022, it alleges that as a representative of JW Cole Financial, she sold an oil and gas limited partnership investment that “was not researched and vetted,” resulting in the loss of principal. The pending complaint alleges damages of $100,000.
FINRA rules require brokers like Rebecca Gaylor to recommend only investments and investment strategies that conform to a standard known as suitability. As established by FINRA Rule 2111, this standard holds that brokers must “have a reasonable basis to believe that a recommended transaction or investment strategy” is appropriate for a customer’s investment profile, which includes their age, investment background, net worth, risk tolerance, and other concerns. An investment without principal protection, for instance, might be considered unsuitable for conservative investors with a low risk tolerance. Brokers who recommend their customers invest in unsuitable products or strategies may be held liable in the event of losses.
According to the Financial Industry Regulatory Authority, Rebecca Gaylor holds 36 years of securities industry experience. Based in Phoenix, Arizona, she has been a broker and an investment advisor with JW Cole Financial since 2003 and 2002, respectively. Her past registrations include Jonathan roberts Financial Group (Tampa, Florida; 2000-2003), 1st Global Capital Corporation (Dallas, Texas; 1992-2000), and HD Vest Investment Securities (Dallas, Texas; 1986-1992). Her credentials include the passage of seven securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Direct Participation Programs Representative Examination, or Series 22; 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 Investment Adviser Law Examination, or Series 65. She holds 30 state licenses. (Information current as of September 3, 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.