GREGORY PEASE Allegedly Churned Account

Broker Gregory Pease Allegedly Made Unsuitable Trades, Churned Accounts

Investors are coming forward with disputes about Gregory T. Pease [CRD#: 2416561, Hoboken, New Jersey]. Evidently, the securities broker, who associated with Merrill Lynch, Morgan Stanley, Wells Fargo and International Assets Advisory, reports a whopping 10 investor disputes on Financial Industry Regulatory Authority (“FINRA”) BrokerCheck. Mainly, Pease’s clients suggest that he executed unreasonable transactions and churned accounts. For additional information concerning the allegations against Pease, see below.

Morgan Stanley Smith Barney Client Indicates That Gregory Pease Misrepresented Securities

Evidently, on November 20, 2017, a client of Merrill Lynch and Morgan Stanley filed FINRA Arbitration #: 17-02764. Apparently, the client contended that Pease recommended unsuitable stock and mutual fund transactions. It appears that Pease failed to consider the client's goals, risk tolerance or other criteria relating to suitability. The client additionally alleged that Pease misrepresented and omitted facts about securities. For this reason, on August 12, 2019, Morgan Stanley Smith Barney settled this client’s dispute by paying the client $15,000. It also appears that Merrill Lynch settled with the client on April 22, 2019 by paying $255,000.00.

Pease Allegedly Sells Unsuitable Investments To International Assets Advisory Client

Also, a client of Hayden Royal, International Assets Advisory and NobleBridge Wealth Management contested Gregory Pease through a complaint dated April 3, 2019. Apparently, Pease recommended ETFs as part of a seemingly bad investment strategy. Supposedly, these investments were not consistent with the client’s risk tolerance or some other aspect of the client’s investment profile. Not only that, but the securities broker purportedly failed to be clear with the client about fees and tax consequences. It seems that Pease caused the client to sustain losses. Consequently, the client demanded compensation from Hayden Royal, International Assets Advisory and NobleBridge Wealth Management or Pease. This matter is ongoing.

Wells Fargo Client Suggests That Pease Churned Account

Notably, a client of Wells Fargo Clearing Services contested Gregory Pease’s trading in FINRA Arbitration #: 17-02578 dated October 31, 2017. Allegedly, Pease churned the client’s account from 2012 to 2016. Also, the securities broker purportedly recommended unreasonable money managers or transactions. As a result, the client asked for $4,500,000 in compensation from Wells Fargo Clearing Services or Pease in this ongoing matter.

Losses From Broker Gregory Pease?

Have you experienced losses by investing with Gregory Pease? If you have, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a potential recovery of your investment losses. Soreide Law Group provides representation to clients on a contingency fee basis and advances costs. The law firm has recovered millions of dollars for clients who have experienced losses due to misconduct of securities firms and brokers like Pease.