Gary Helbling has spent eighteen years in the securities industry and has been registered with Oppenheimer & Company in Stamford, Connecticut since 2014. Previous registrations include Wells Fargo Advisors in New Haven, Connecticut (2008-2014); AG Edwards & Sons in Hamden, Connecticut (2001-2008); and David Lerner Associates in Syosset, New York (1997-2001). He is a registered broker in nine US states: Arizona, California, Connecticut, Florida, New Jersey, New York, Rhode Island, Vermont, and Virginia.
According to his BrokerCheck report, Gary Helbling is the subject of one customer complaint and was discharged from his position at Wells Fargo Advisors.
In June 2014 Gary Helbling was discharged from his position at Wells Fargo Advisors following allegations he violated firm policies and procedures “by directing another individual to change a client address from California to New Hampshire when the client did not reside in New Hampshire.”
In 2009 a customer alleged Gary Helbling, while employed at Wells Fargo Advisors, made unsuitable investment recommendations, breached his fiduciary duty, and committed fraud in connection to a MetLife annuity purchased in 2007. The complaint settled in 2012 for $47,500.
FINRA rules and federal securities law require brokers like Gary Helbling to abide by a fiduciary duty that requires them to act only in the best interests of their clients. This means, for example, that they can only recommend suitable investments that take into account the client’s investment goals, experience, and risk tolerance. Firms are not permitted to misrepresent or omit material facts related to an investment, as this might cause a customer to invest unsuitably. Brokers and firms who violate applicable rules and regulations may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.
If you or someone you know has lost money investing with Gary Helbling, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.