Guy Conger Has Been the Subject of a Regulatory Sanction

Guy Conger

Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on February 20, 2017 indicate that Texas-based Money Concepts Capital Corporation broker/adviser Guy Conger has been sanctioned by FINRA in connection to alleged rule violations and received a customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Conger (CRD# 2280420).

Guy Conger has spent 19 years in the securities industry and was most recently registered with Money Concepts Capital Corporation in San Antonio, Texas (2002-2017). Previous registrations include Waddell & Reed in Overland Park, Kansas (1998-2002); SunAmerica Securities in Phoenix, Arizona (1997); American Express Financial Advisors in Minneapolis, Minnesota (1997); and the Champion Group in Shavano Park, Texas (1992). He has passed four securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on December 13, 2007; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on January 16, 1997; Series 7 (General Securities Representative Examination), which he obtained on May 22, 1997; and Series 22 (Direct Participation Programs Representative Examination), which he obtained on October 1, 1992. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one customer complaint and one regulatory sanction.

In February 2018 FINRA sanctioned him following allegations he improperly exercised discretion in customer accounts. FINRA’s findings stated that though the clients had provided him with verbal permission to used discretion, he did not receive written authorization from the clients or his firm’s acceptance of the accounts as discretionary. FINRA’s findings also stated that he mismarked order tickets as unsolicited when the orders were solicited, causing his firm’s books and records to be inaccurate. Mr. Conger allegedly falsely completed annual compliance attestations, according to FINRA, stating that he had not used discretion in client accounts, though he had. FINRA also found that he made “misleading and unwarranted statements in email communications with customers” and that these emails contained “false, exaggerated, unwarranted, promissory or misleading statements or claims and an unwarranted prediction of performance.” He was issued a six-month suspension and a fine of $15,000.

In 2016 a customer alleged Guy Conger, while employed at Money Concepts Capital Corporation, executed unauthorized transactions. The complaint settled for $33,000.

If you or someone you know has lost money investing with Guy Conger, call 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: we only get 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.