Investors have come forward with complaints about Gregory Robert Sain [CRD: 1629842, Beverly Hills, California]. Evidently, the securities broker, who worked for Morgan Stanley Smith Barney, discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Notably, Morgan Stanley Smith Barney clients allege unsuitable trading. For more on these disclosures about Sain, see below.
Particularly, on July 11, 2023, a Morgan Stanley Smith Barney client filed FINRA Arbitration: 23-01951 about Gregory Sain. Namely, the client alleged that Sain engaged in unsuitable trading. Because of this, the client allegedly sustained damages on stocks. Therefore, the client requested compensation from Morgan Stanley Smith Barney or Sain. Evidently, this arbitration is pending a resolution.
Notably, a Stifel Nicolaus Company client filed a complaint about Gregory Sain. Namely, the client alleged that Sain made unsuitable recommendations. Because of this, the client allegedly sustained damages on structured notes. Therefore, on June 13, 2023, Stifel Nicolaus Company settled this matter by paying the client $26,250 in damages.
Additionally, on April 13, 2016, a Stifel Nicolaus Company client filed a complaint about Gregory Sain. Namely, the client alleged that Sain failed to follow instructions. Because of this, the client allegedly sustained damages on limited partnership interests. Therefore, the client requested compensation from Stifel Nicolaus Company or Sain. However, the securities firm and broker denied this complaint.
Particularly, a Stone Youngberg LLC client filed FINRA Arbitration: 05-04710 about Gregory Sain. Namely, the client alleged that Sain engaged in unsuitable trading. Because of this, the client allegedly sustained damages on CMOs. Therefore, on May 24, 2007, Stone Youngberg LLC settled this matter by paying the client $58,500 in damages.
Gregory Sain worked for Morgan Stanley Smith Barney as a securities broker and financial advisor since March 2022.
Did you experience damages because of Gregory Sain? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer regarding a possible recovery of your investment losses. Soreide Law Group, a firm that has recovered money for investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Sain and brokerage firms Sain worked for deny any and all allegations of sales practice violations.
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