Gunnar Gavin: Complaint Against Bankers Life Advisor Settles for $45K

Traverse City, Michigan financial advisor Gunnar Gavin (CRD# 5965784) recently received an investor complaint that reached a six-figure settlement. Financial Industry Regulatory Authority records show that he is a broker with Bankers Life Securities and an investment advisor with Bankers Life Advisory Services.

Mr. Gavin’s BrokerCheck report discloses one investor complaint. Filed in September 2023, it alleged that as a representative of Bankers Life Securities, he forged the customer’s wife’s signature on a document. The allegations note that a firm review found that records “did not find merit to the allegation.” In October 2023 the complaint reached a settlement of $45,000.

In a statement included with the complaint’s disclosure, Mr. Gavin defended himself against the allegations. “I personally witnessed the client digitally sign the application and have known this person for over 10 years and she was a family friend,” he wrote in part. “The application was not funded by the client until a few days after the initial application was signed by her, and after I had provided a thorough explanation of how the contract would work which she and her husband fully understood. Because of the benefits and understanding on their part, she then brought in hand delivered checks to my office to fund the annuity.” He wrote additionally that he does not know the customer’s motivations for making the claim, and described the allegations in question as “untrue.”

According to the Financial Industry Regulatory Authority, Gunnar Gavin holds eight years of securities industry experience. Based in Traverse City, Michigan, he has been a broker with Bankers Life Securities since 2016 and an investment advisor with Bankers Life Advisory Services since 2018. His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66.  He is licensed in Florida, Illinois, Indiana, Maryland, Michigan, and Texas. (Information current as of October 22, 2023.)

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