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
What investors should know about leveraged tax-loss harvesting, short positions, fees, and suitability. Tax-aware long-short investing can be presented as a sophisticated way to generate capital losses and reduce current taxes. But it is not merely a tax-planning overlay. It is an active, leveraged investment strategy that can produce substantial economic losses, high carrying costs, […]
Investors may have suffered financial harm by securities broker David Andrew Kangas [CRD: 6591398, Richmond, Virginia], given the public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Kangas has worked for WealthForge Securities LLC since November 1, 2019. Keep reading to find out more about Kangas’s disclosures. WealthForge Investor Accused Kangas Of Breach Of […]
Financial Industry Regulatory Authority initiated a complaint against securities broker Keith Charles Moore [CRD: 5191450, Irvine, California], based on public information on BrokerCheck. Moore worked for Sutter Securities Clearing LLC from August 24, 2017, to February 16, 2024, and Sutter Securities Incorporated from April 17, 2019, to February 16, 2024. Continue reading to learn more […]
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