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
JOSEPH KELLY (JOE KELLY) has been registered as a broker with VCS VENTURE SECURITIES of New York, NY since 6/17/2026. He was previously registered with SPARTAN CAPITAL SECURITIES LLC of New York, NY from 01/13/2017 - 12/18/2024. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOSEPH KELLY has 21 years of experience […]
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CENTAURUS FINANCIAL, INC (Respondent). The Claimants reside in Arizona and are retired. The Claimants were seeking stable investments that would provide them with income. The lawsuit states that the Claimants have a long-standing relationship with CENTAURUS FINANCIAL and its Financial Advisor, […]
Soreide Law Group is investigating potential investor claims involving DCM US Multi-Family Homes PLC notes sold or recommended through Andbanc Brokerage LLC. They are also investigating sales or recommendations through Andbanc Advisory LLC. Additionally, they are reviewing sales or recommendations through BCI Securities, Inc., Boreal Capital Securities, LLC (also known as Mora Capital Securities), and […]
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