Carl Damien Gill, Formerly of United Planners’ Financial Services of America, Facing Multiple Pending Customer Disputes

Gill is facing four pending customer disputes, all of which were filed in 2021.

Carl Damien Gill (CRD#: 1076361) was registered as a broker with United Planners’ Financial Services of America from 2011 until 2015. Previously, Gill was registered as a broker with Professional Asset Management from 2000 until 2011.

Gill has eleven disclosures on his BrokerCheck report. 

September 2021 Customer Dispute

• Status: Pending
• Allegations: Violations of federal securities laws, violations of Michigan Uniform Securities Act, violation of Michigan Consumer Protection Act, breach of contract, common law fraud, breach of fiduciary duty, negligence and gross negligence.
• Damage Amount Requested: $100,001.00

July 2021 Customer Dispute

• Status: Pending
• Allegations: Unsuitability, common law fraud, breach of contract, breach of fiduciary duty, negligence, and unauthorized trading.

April 2021 Customer Dispute

• Status: Pending
• Allegations: Negligence, breach of contract, breach of fiduciary duty, fraud and silent fraud and negligent misrepresentation, state securities fraud, and violation of FINRA rules of fair practice.
• Damage Amount Requested: $350,000.00

March 2021 Customer Dispute

• Status: Pending
• Allegations: Negligence, gross negligence, misrepresentations and omissions, breach of contract and wrongful conduct.
• Damage Amount Requested: $176,885.00

February 2021 Customer Dispute

• Status: Settled
• Allegations: Negligence, gross negligence, misrepresentations and omissions, breach of contract and wrongful conduct.
• Damage Amount Requested: $50,000.00
• Settlement Amount: $35,000.00

December 2015  Employment Separation After Allegations

• Firm Name: United Planners Financial Services
• Termination Type: Permitted to Resign
• Allegations: Representative places a discretionary trade in a non-discretionary account.
• Broker Comment: I vigorously deny any and all allegations. I am now aggressively working to have this matter expunged from my record.

December 2015  Employment Separation After Allegations

• Firm Name: Spectrun Financial Services
• Termination Type: Permitted to Resign
• Allegations: Representative placed a discretionary trade in a non-discretionary account.
• Broker Comment: I vigorously deny any and all allegations. I am now aggressively working to have this matter expunged from my record.

November 2011 Regulatory Judgment

• Status: Final
• Initiated By: SEC
• Allegations: Deficient record keeping, failure to annually update policies and procedures manual and failure to prove a compliance meeting in 2008.
• Resolution: Order
• Sanctions: Cease and Desist
• Sanctions: Censure
• Sanctions: Civil and Administrative Penalty(ies)/Fine(s)
• Regulator Statement: I operated Asset Advisors, an investment advisory firm. The SEC found that Asset Advisors was deficient with maintaining appropriate books and records for the investment advisory firm. My firm, Asset Advisors, was small and contracted to outsource the compliance duties, including the maintenance of books and records and reporting to a third party compliance specialist that was not properly done in 2008. The SEC sanctioned, censured, and fined Asset Advisors. I was not censured or fined by the SEC.

April 2007 Customer Dispute

• Status: Settled
• Allegations: From 08/04/2000 to 03/17/2007 lost money in annuity investments. Met with client and resolved the problem. Wrote her a check and she signed a release letter.
• Damage Amount Requested: $42,424.22
• Settlement Amount: $42,424.22
• Broker Comment: I deny any and all liability. My client invested in a variable annuity with an understanding of the risks involved. The client was unhappy with the performance in her account during a downturn in the market. At the request of my employer, Professional Asset Management, the matter was settled. My client received a check and signed a release letter.

May 1984 Regulatory Judgment

• Status: Final
• Initiated By: New York Stock Exchange
• Allegations: Carl Damien Gill, former registered representative of a member firm, engaged in conduct inconsistent with just and equitable principles of trade in that he: wrote, signed, and issued two letters on his member organization employer’s letterhead without authority to do so and made misrepresentations of fact therein concerning the existence and contents of a customer account, and circumvented firm procedures for the prior review and approval of outgoing correspondence.
• Resolution: Consent
• Sanctions: Monetary/Fine
• Amount: $2,000.00
• Sanctions: Censure
• Sanctions: Bar
• Sanction Details: Consent to censure, two-month bar and $2,000 fine.
• Regulator Statement: I was a new broker with less than 1 year of experience and no prior financial background. A third party presented himself to me with a bank woner and offered to invest in a substantial portfolio of US-T bills. He presented a sample letter from another prominent Wall Street firm that he wished I would reproduce. I tried to help the third party and introduced him to the manager and wrote the letter. The manager was not available to review the letter before I gave it to the third party. Later it was discovered that this “con” was tried elsewhere.

February 1984 Employment Separation After Allegations

• Firm Name: Dean Witter Reynolds, Inc.
• Termination Type: Permitted to Resign
• Allegations: 85-95 that I wrote signed and issued 2 letters on Firm letterhead without prior manager approval.
• Broker Comment: Termination from employment with Dean Witter was effective February 29, 2984 by request of Dean Witter. Penalty & fine censure, a fine of $2,000.00 and a suspension from membership for 2 months. See attached for further details.

Contact Us Today

The Sonn Law Group is currently investigating allegations surrounding Carl Damien Gill. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.