TCFG Broker Janie Garza-Clark Barred After Fraud Complaint, Investigation

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FINRA barred former Sagepoint Financial and TCFG Wealth Management (both Scottsdale, Arizona) broker Janie Garza-Clark after Clark failed to cooperate with an investigation into her dealings with a former client, including receipt of cash gifts.

FINRA's AWC #2022073761401 barring Garza-Clark from the securities industry comes after the filing of an arbitration claim in 2020 alleging unsuitable sales of a private placement resulting in a loss of $950,000.

The pending customer dispute accuses Garza-Clark (CRD #1010752) of unsuitability, fraud, and violation of Arizona's state Consumer Fraud and Securities Acts.

Shortly before Garza-Clark's former client filed that complaint, TCFG Wealth Management, which is headquartered in Southern California but also has branches in Arizona, permitted her to resign after a TCFG internal investigation identified a an extracurricular link between its former broker and a client, finding Garza-Clark accepted personal checks from a client and failed to report it pursuant to firm policy.

In 2015, Garza-Clark's then-firm Hornor, Townsend, & Kent terminated her for failing to comply with several firm policies, including the reuse of client signatures on multiple forms, failing to submit advertising for firm approval, and violation of the firm's social media policy.

A complaint filed against Garza-Clark at that time alleging she failed to explain a transfer penalty and surrender charges related to a variable annuity, resulting in financial damages, was settled for $290,549.

If you invested with ex-TCFG and Hornor, Townsend & Kent broker Janie Garza-Clark, or with any financial adviser or representative who conducted business away from their firm or failed to inform the firm about money received via personal check or otherwise, resulting in losses or damages due to these unsuitable transactions, please call an experienced FINRA arbitration attorney at The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.

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