Hilliard Lyons’ Mark Kregor May Have Sold Unsuitable Energy Investments

Soreide Law Group is reviewing possible investor disputes against securities broker Mark Kregor (CRD#: 2403684, Louisville, Kentucky). Notably, FINRA BrokerCheck shows that a jaw-dropping 9 investors brought disputes focused on Kregor’s sales practices.  Apparently, these disputes suggest that the broker, who worked for Hilliard Lyons for decades before joining Robert W. Baird in 2019, sold or recommended unsuitable securities which caused his clients to experience losses. Here’s more on the disputes concerning the securities broker.

Robert W. Baird Client Indicates That Mark Kregor Recommended Unsuitable Equities

Evidently, on February 3, 2020, a client of Robert W. Baird filed a FINRA Arbitration Claim #: 20-00389 about Kregor. It appears that Mark Kregor gave the client bad advice. Supposedly, without considering the client’s suitability information, the securities broker caused the client to purchase OTC equities that caused the client to experience losses. This matter is currently ongoing.

Kregor Allegedly Overconcentrates Hilliard Lyons Client’s Account

On October 25, 2018, a Hilliard Lyons client took aim at Mark Kregor in regard to his sales practices. In this complaint, the client mainly alleged that Kregor caused an over-concentration in alternative investments. It seems that Kregor sold the client unsuitable stock positions in addition to investments in oil and gas companies. Supposedly, Kregor did not take into account the client’s risk tolerance, objectives or other suitability aspects. Evidently, on May 7, 2019, Hillard Lyons opted to resolve this matter through making a $200,000 payment to the client.

Hillard Lyons Settles Client Dispute Alleging Mark Kregor’s Unsuitable Oil & Gas Securities

Notably, Mark Kregor reports through BrokerCheck that a Hilliard Lyons client filed a FINRA Arbitration Action #: 18-03128 on September 10, 2018. Significantly, the client contends that Kregor made unsuitable securities transactions from 2013 through 2016. It seems that Kregor inappropriately invested the client in oil & gas securities which caused the client to face losses. For this reason, Hilliard Lyons compensated Kregor to the tune of $87,500 to put this matter to rest on June 3, 2019.

Kregor Supposedly Negligent In Selling Aggressive Securities To Hilliard Lyons Client

Apparently, a client of Hilliard Lyons voiced opposition to Mark Kregor through FINRA Arbitration Action #: 18-02602. Similar to the other clients who took issue with him, this client indicates that Kregor was responsible for making unreasonable purchases of aggressive securities including OTC equities and energy company securities. Not only did the client allege a violation of suitability rules in this regard, but the client suggested that Hilliard Lyons and Kregor acted with negligence through making recommendations or sales of these risky products. Moreover, the client suggested that Hilliard Lyons failed to supervise Mark Kregor. Evidently, the client received $125,000 through a February 20, 2019 resolution.

Losses From Mark Kregor?

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Incurred losses by investing with Mark Kregor? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have suffered losses due to misconduct of securities brokers like Kregor and his employing brokerage firms.