Investors potentially experienced sales practice violations due to securities broker Gregory Ellis Gann (also known as Ellis Levin Gann) [CRD: 2144505, Baltimore, Maryland], based on disclosures on FINRA BrokerCheck. Gann has worked for LPL Financial LLC since November 24, 2005, working out of offices in Baltimore, Columbia, and Annapolis, Maryland. Read on to learn more about the client complaints and arbitration matters disclosed against this broker.
LPL Financial LLC Investor Accused Ellis Gann Of Unsuitable Recommendations
Particularly, an LPL Financial LLC client filed FINRA Arbitration No. 24-00346 about Gregory Gann. Primarily, the client alleged that Gann made unsuitable recommendations concerning real estate securities. Consequently, the investor allegedly incurred damages. Therefore, on June 28, 2024, LPL Financial LLC settled this matter by paying the client $10,000 in damages.
Gregory Gann Disclosed Failure To Supervise Allegations By LPL Financial LLC Client
Also, a client of LPL Financial LLC contested Gregory Gann’s sales practices by bringing FINRA Arbitration No. 20-01636. Allegedly, Gann failed to supervise and made unsuitable recommendations connected to real estate securities. As a result, LPL Financial LLC agreed to settle the matter on April 6, 2021, by compensating the client in the amount of $40,000.
LPL Financial LLC Investor Accused Ellis Gann Of Misrepresentation
Additionally, an LPL Financial LLC client filed FINRA Arbitration No. 19-03759 about Gregory Gann. The client alleged that Gann failed to supervise, breached a contract, misrepresented material facts, and breached his fiduciary duty. Because of this, the client allegedly sustained damages connected to corporate bonds and real estate investment trusts. Therefore, on February 1, 2021, LPL Financial LLC settled this matter by paying the client $5,000 in damages.
Did You Sustain Losses Because Of Securities Broker Gregory Gann?
Do you have concerns or questions regarding investments you made with Gregory Gann? If so, contact Soreide Law Group at (888) 760-6552 or online and talk with a securities lawyer regarding recovering your investment losses. For more than a decade, Soreide Law Group has recovered losses for investors throughout the United States. The firm also takes cases through a contingency fee arrangement and advances all costs. Gann and brokerage firms Gann worked for deny accusations of sales practice violations.
