Gregory Lewis Faces FINRA Sanctions Over StockKings

FINRA's Complaint Alleges Gregory Lewis' Misconduct Concerning StockKings

The Financial Industry Regulatory Authority (FINRA) Department of Enforcement filed a complaint against securities broker Gregory Antonius Lewis (CRD#: 2793976, St. Petersburg, Florida). Specifically, the securities broker, who worked for StockKings Capital LLC since June 2013, is accused of misconduct relating to private securities offerings. Soreide Law Group provides you with the latest publicly available information about this regulatory matter. We also provide you with some information about disputes alleging sales practice violations.

FINRA’s Complaint Against Gregory Lewis Alleges Private Securities Offerings Mishap

In a Complaint FINRA filed against Gregory Lewis in June 2021, Department of Enforcement alleges that he violated rules on private securities offerings and on the matter in which he portrayed StockKings.
It appears Gregory Lewis allegedly raised funds for a business. Lewis explained to potential investors that he would place investor information on a financial technology platform. Supposedly, investors' information, according to Lewis, would be aggregated and analyzed. FINRA says that from 2015 to 2019, Lewis engaged in unregistered securities offerings. These purported offerings involved private securities transactions that ultimately raised $2,700,000 in capital for this business. However, FINRA says that Lewis did not actually launch the platform that he discussed with investors.

FINRA Cites Misleading Information By Lewis Regarding StockKing’s Platform

Also, FINRA says that Gregory Lewis sent his potential investors exaggerated and potentially misleading information about StockKings Holdings. Specifically, Department of Enforcement accuses Lewis of making false, unwarranted, misleading, exaggerated, and promissory claims about that company as well as StockKings.com which was the platform that investors believed would be developed. Department of Enforcement specified that Lewis told investors about a patent and had made StockKings seem like it was further along in starting the platform. Supposedly, investors also received unwarranted information about revenue projections and about valuation claims.
Moreover, StockKings faces accusations in this complaint concerning the disclosures on the use of investor proceeds. The company also is accused of wrongdoing relating to expenses of the offering and compensation that sellers stood to get in 2015, 2018, and 2019 offerings.

Investor Disputes About Lewis Allege Misrepresentation, Unauthorized Trading

Evidently, Gregory Lewis reports disputes from Continental Broker Dealer Corp investors. Three investor disputes concern sales practice violations. In two of the disputes, investors allege misrepresentation. In the third, the investor alleges unauthorized trading. Two of those investors received payments in settlements. However, the third dispute closed without resolution.

Did You Face Financial Harm Because Of Lewis?

Did securities broker Gregory Lewis cause you to suffer losses? If so, call Soreide Law Group at (888) 760-6552 and speak with a skilled securities lawyer regarding a potential recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm focuses on helping United States investors recover compensation after incurring losses caused by their financial advisors and securities brokers. Please note that Lewis denies all allegations of his sales practice violations.