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Financial Advisor, Kristian Gaudet, Barred By FINRA For Allegedly Using Customer Funds For Personal Use

The Wolper Law Firm is currently investigating claims against Kristian Gaudet, a former Financial Adviser at Ameritas Investment Corp. in Cut Off, Louisiana. Kristian Gaudet has been in the securities industry since 2000 and previously worked at The Advisors Group.  

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on January 24, 2019, FINRA sanctioned Kristian Gaudet after he failed to participate in a FINRA investigation, in which he “was found to have utilized client funds for personal use.” 

For a full copy of the FINRA sanction, click https://www.finra.org/sites/default/files/fda_documents/2018060600901%20Kristian%20Gaudet%20CRD%204190811%20AWC%20sl.pdf.

Broker theft and/or the use of client funds by a Fianncal Advisor is strictly prohibited.  In addition, brokerage firms are required to have a supervisory system in place that is reasonably designed to detect and prevent Financial Advisors from accessing client funds.  In the event a Financial Advisor does convert client assets, a brokerage firm may be held liable for the loss of funds. 

For a copy of the Kristian Gaudet’s CRD, click https://brokercheck.finra.org/individual/summary/4190811#disclosuresSection

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis.  Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities.  Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters.  We can be reached at 800.931.8452 or by email at mwolper@wolperlawfirm.com.

Attorney Matthew Wolper

Attorney Matthew WolperMatt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]