Overland Park, KS
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.
- A 10/2015 complaint by a customer while Gresham was registered with Wells Fargo Advisors who alleged unsuitable recommendations, failure to supervise, violations of Kansas Securities Act. That claim was settled for $110,000.
- A 7/2015 complaint by a customer while Gresham was registered with Wells Fargo Advisors who alleged unsuitable recommendations, failure to supervise, violations of Kansas Securities Act. That claim was settled for $335,000.
- FINRA Case 14-01834 in which a customer while Gresham was registered with Wells Fargo Advisors alleged excessive and unsuitable trading and misappropriation of customer funds. That case was settled for $175,000.
Gresham discloses a currently pending customer dispute (FINRA Case 15-0633) by a customer of Moloney Securities who seeks damages of $150,000 on energy sector investments, including master limited partnerships (MLPs) .
Gresham has been registered with Moloney Securities since 7/2012. Prior to that he was registered with UBS Financial from 10/2008-5/2012. He was discharged from UBS Financial in 5/2012 and UBS made the following allegation on his FINRA record:
“Mr. Gresham’s employment was terminated when his managers lost confidence in his willingness to abide by the firm’s order entry policies because (1 )he mismarked solicited trades as unsolicited after previous discipline for excercising discretion and (2) he did not give satisfactory answers in connection with the firm’s review of the mismarking”
If you have questions about an account handled by Thomas G. Gresham contact us to discuss your options and to learn how you may be able to recover damages through FINRA arbitration.
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.
Florida-561 391 1900