Gregory Foster Disclosed Complaints By UBS Investors

Some investors have potentially experienced damages because of securities broker Gregory Allen Foster [CRD: 1532735, Wayzata, Minnesota], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Notably, Foster joined UBS Financial Services Inc. in 2010 as a financial advisor and securities broker. Read below to learn more about the disputes involving Foster.

UBS Financial Services Inc. Investor Accused Foster Of Failure To Follow Instructions

Notably, a client filed a written complaint about Gregory Foster, alleging that Foster did not follow their instructions. Specifically, the client claimed that Foster failed to liquidate their account as instructed. This incident, which occurred between March 17, 2020, and March 19, 2020, allegedly resulted in a financial loss for the client. Consequently, the client reported damages amounting to $575,000. UBS Financial Services Inc., the employing firm at the time of the alleged incident, received this complaint on March 20, 2020. Ultimately, UBS Financial Services Inc. chose to settle this issue on June 1, 2020, by compensating the client $466,625.37.

UBS Financial Services Inc. Investor Accused Gregory Foster Of Botched Trade

Particularly, a client of UBS Financial Services Inc. contested Gregory Foster's sales practices, according to a complaint filed on March 27, 2023. The client alleged that Foster failed to timely file a required Form 144, resulting in the cancellation of their trade. This incident, occurring between February 22, 2023, and March 9, 2023, purportedly caused the client financial loss. Allegedly, the client sustained damages totaling $300,000. UBS Financial Services Inc. opted to resolve this matter on August 28, 2023, paying the client $326,111 in damages.

UBS Financial Services Inc. Client Accused Foster Of Failing To Liquidate Account

Moreover, a client filed a complaint about Gregory Foster. Particularly, the client alleged that Foster did not comply with their request to liquidate their account. Consequently, on June 1, 2020, UBS Financial Services Inc. resolved this issue by compensating the client $466,625.37 in damages.

Gregory Foster Disclosed Allegations By RBC Wealth Management Client

Also, a client of RBC Wealth Management challenged Gregory Foster's sales practices, according to a complaint. Allegedly, Foster did not comply with instructions to liquidate stocks, according to the client's request. Therefore, RBC Wealth Management chose to settle the matter on February 4, 2010, by compensating the client in the amount of $9,999.

Did You Sustain Losses Because Of Gregory Foster?

Did you experience damages because of securities broker / financial advisor Gregory Foster? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Notably, Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Foster and brokerage firms he worked for deny accusations of sales practice violations.