Greg Koalska Investigation
March 2023- Oakdale, MN
The FINRA records of Greg Koalska, a currently unregistered stock broker formerly employed by Cambridge Investment Research. , disclose 2 regulatory events, , a prior customer dispute and a termination.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 7/2022, the state of Minnesota filed case #63847 alleging that Koalska contacted insurance call centers impersonating his clients and obtaining client information. Sanctions ordered were revocation of his license. Minnesota issued a Findings of Fact, Conclusions of Law and Order to revoke Koalska’s insurance and securities licenses.
In 3/2020, State of Minnesota Department of Commerce filed case#61418/GAM alleging that Koalska used dishonest practices by impersonating a former client to an insurance company. Sanctions were a $1,000 fine levied against Koalska individually.
In May/2020, while with Cambridge Investment Research, Inc, Koalska was permitted to resign from employment after allegations that he failed to disclose a reportable event to the Firm in violation of firm policy and, on more than one occasion, Koalska misrepresented his identity to a sponsor company representative.
Koalska was employed with KCD Financial from 6/2020-11/2020. Before that time he was with Cambridge Investment Research, Inc., FSC Securities Corporation and Maxwell Simon, Inc.
If you have losses in an account handled by Greg Koalska, call for a no charge consultation to learn about your options for recovery of damages.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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