Silver Law Group is Investigating Gary M. Strange of Principal Securities Inc.

Silver Law Group is currently investigating Raleigh, NC, Wilson, NC, and Galveston, TX based broker Gary M. Strange regarding complaints pertaining to failure to provide due diligence to investor clients and misrepresentation. Based on FINRA’s BrokerCheck report on Strange, a complaint was filed on December 11, 2017 alleging that Strange provided misleading information to investor clients during his employment at Principal Securities Inc. also known as Princor Financial Services Corp. in which he borrowed funds from a client in two separate instances recommending that those funds come from her 401K to an IRA without informing his firm and using his wife’s name on the loans. The recommendation was unsuitable due to the borrowing of the client’s funds, but also, due to her tax situation, which subjected her to taxation in excess of $40,000 due to the poor recommendation. The total in damages was over $150,296.00. Strange was previously employed at Principal…

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