Articles Tagged with Gareth Caluducan

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gareth Caluducan (Caluducan), currently associated with W & s Brokerage Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Caluducan recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $54,354.00 on April 07, 2025.

In the Spring of 2024, customers met with representative Gary Caluducan to discuss their financial needs and goals. At the meeting Mr. Caluducan presented an opportunity to have the customers funds managed by Fort Washington Investment Advisors as part of the firm’s advisory program. Gary outlined the advantages and disadvantages , including the fees involved, with the transfer of funds from mutual funds to an advisory account, but he failed to consider the tax implications involved with selling mutual funds and transferring the assets to an advisory account. The customers discovered the tax issue when they filed their 2024 taxes and indicated that they would not have agreed to move the assets to the advisory account if they knew the tax implications involved.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gareth Caluducan (Caluducan), currently associated with W & S Brokerage Services, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Caluducan recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $22,600.00 on December 02, 2024.

Customer alleges that she was put into an unsuitable investment (Equity Indexed Annuity) recommended by the representative in January 2018.  She indicates that the money was moved from mutual funds into the annuity and that she lost out on market appreciation over the years that the mutual funds would have provided.  She indicated that this money was earmarked for her children’s education and that she was unaware of the 7 year surrender period.