Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Gregory DePaul Whelan (also known as Gregory Whelan) [CRD: 5247677, Fort Lauderdale, Florida]. Gregory Whelan previously worked for UBS Financial Services Inc. from January 2011 to July 2011 and Morgan Stanley from August 2011 to May 2013. Since April 2013, he has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated. Recent disclosures raise concerns about Whelan’s conduct, including allegations of unsuitable investments and misrepresentations.
On May 14, 2024, a client of Merrill Lynch filed a FINRA arbitration claim [FINRA Arbitration No. 24-01030], alleging that Gregory Whelan engaged in unsuitable trading, misrepresentations, and used personal email to conduct unauthorized selling activities (“selling away”). The claims involve listed equities, real estate investment trusts (REITs), private securities, and life settlements. The client has requested $2,000,000 in damages. This matter remains pending.
On February 24, 2021, a Merrill Lynch client filed a FINRA arbitration claim [FINRA Arbitration No. 21-00495] alleging that Whelan provided unsuitable investment recommendations in July 2017 and delayed following client instructions in February 2020. The dispute involved cash management accounts and private securities. Merrill Lynch resolved the case on October 26, 2021, by paying $100,000 to the client. Gregory Whelan did not contribute financially to the settlement.
If so, reach out to Soreide Law Group online or call (888) 760-6552 to speak with a securities attorney. With experience representing investors across the U.S., Soreide Law Group works on contingency, advances costs, and helps clients recover losses from sales practice misconduct when possible. Whelan and the firms he worked for deny accusations of sales practice violations
One or more investors possibly experienced losses because of securities broker Scott Jason Hechler [CRD: 5277526, Garden City, New York], based on public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Hechler has worked for Spartan Capital Securities LLC since May 15, 2023. Previously, he worked at SW Financial from December 10, 2019 […]
Investors potentially experienced sales practice violations due to securities broker Rodger Anthony McAlister [CRD: 2676623, Louisville, Kentucky], according to disclosures on FINRA BrokerCheck. Evidently, McAlister has worked for Money Concepts Capital Corp since December 12, 2005, and for Money Concepts Advisory Service since March 12, 2007. Read below to learn more about McAlister’s disclosures and […]
Investors apparently complained about securities broker Paul N. Lekousis [CRD: 2545673, La Grange Park, Illinois], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Lekousis has worked for OneAmerica Securities Inc. since October 16, 2023, in Indianapolis, Indiana, and since November 30, 2023, in La Grange Park, Illinois. Previously, he […]
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