Former securities broker Gregory Weido (CRD: 5664093) of Cocoa Beach, Florida, is named in a client arbitration claim involving alleged investment losses, according to Financial Industry Regulatory Authority (FINRA) BrokerCheck disclosures. Weido was registered with PFS Investments Inc. from January 19, 2010, to December 31, 2023. Here’s what the dispute involves and where it stands.
PFS Investments Client Alleges Gregory Weido Sold Securities The Firm Did Not Offer
Particularly, on May 21, 2026, a PFS Investments client filed an arbitration claim involving Gregory Weido (FINRA Arbitration No. 26-01171). The client alleged that Weido sold securities that PFS Investments did not offer. The client alleges approximately $600,000 in losses involving a promissory note. For this reason, the client requested approximately $600,000 in compensation from PFS Investments or Weido. This arbitration remains pending, according to FINRA BrokerCheck.
What Do Private Securities Transactions Mean?
Specifically, private securities transactions generally involve securities deals that a broker or financial advisor handles outside the broker-dealer where they work or are registered. Depending on the circumstances, these transactions can involve investments that the broker-dealer does not offer, approve, or supervise. Securities industry rules may require a registered person to notify the broker-dealer before participating in certain outside securities transactions.
Could Investors Recover Losses Involving Gregory Weido?
Investors who believe they lost money in connection with Gregory Weido can speak with a securities attorney at Soreide Law Group about the possibility of recovering their investment losses. The firm can be contacted online or at (888) 760-6552. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Weido and PFS Investments deny allegations of sales practice violations.