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Trawnegan Gall: $450K Complaint Against Cornerstone Advisor

Prosper, Texas financial advisor Trawnegan Gall (CRD# 6266415) has received investors complaint alleging his conduct resulted in six-figure losses. Financial Industry Regulatory Authority records show that he is a broker with WealthForge Securities, doing business as Cornerstone Real Estate Investment Securities. He was formerly registered with Sandlapper Securities.

Mr. Gall’s BrokerCheck report discloses several investor complaints. The most recent, filed in filed in August 2022, alleges that as a representative of Cabot Lodge Securities, he recommended unsuitable investments, breached his fiduciary duty, violated FINRA rules, engaged in negligence, and breached contract. The pending complaint alleges damages of $450,000.

An earlier complaint, filed in January 2022, alleges that as a representative of Sandlapper Securities, he recommended an investment in a Senior Care Centers private placement that suffered losses. The pending complaint alleges damages of $92,410.

A third investor complaint, filed in 2019, alleged that as a representative of Sandlapper Securities, Mr. Gall was negligent, recommended unsuitable investments, made negligent misrepresentations and omissions, made intentional misrepresentations sand omissions, committed fraud, breached his fiduciary duty, violated the California Securities Act, breached FINRA rules, and breached contract. In 2020 the complaint reached a settlement of $325,000.

In a statement on the 2019 complaint, Mr. Gall wrote that the claimants were “Sophisticated investors seeking refund of investment dollars on a single unsuccessful investment made as part of a more broadly diversified portfolio.” The statement asserted further that “proper due diligence and suitability analysis were conducted and that the investors were fully informed regarding the potential risks and benefits of the offerings when making their investments.” 

According to the Financial Industry Regulatory Authority, Trawnegan Gall holds eight years of securities industry experience. Based in Prosper, Texas, he has been a broker with WealthForge Securities since 2019, doing business as Cornerstone Real Estate Investment Securities. His past registrations include Cabot Lodge Securities (2019) and Sandlapper Securities (2013-2019) in Orange, California. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Uniform Securities Agent State Law Examination, or Series 63; and the Securities Industry Essentials Examination, or SIE. He holds 48 state licenses. (Information current as of October 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.

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