Mark Kregor Investigation
March 2022- Louisville, KY
The FINRA records of Mark F. Kregor, a broker with Stifel, Nicolaus & Company who formerly worked for Robert W. Baird, disclose a regulatory event, 9 prior customer disputes and a termination from employment.
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 8/2018, Kentucky regulators alleged that Mr. Kregor offered and sold high-risk investments, unsuitable investments, including penny stocks and investments in business development companies. The matter was settled. Gregor was given a one month suspension and assessed a $32,000 fine.
The cases settled with former customers of Kregor include:
In 2/21, a customer of his prior employer, Robert W. Baird & Co., was paid $80,000 to resolve allegations that Kregor recommended unsuitable investments.
Customers of his prior employer, J.J. B.Hilliard, W.L. Lyons, were paid the following awards:
- October 2018- $200,000 to resolve allegations of over-concentration and lack of suitability within his accounts.
- June 2019 – $87,500 to resolve allegations of violation of suitability rules with regard to certain securities.
- February 2019- $125,000 to resolve allegations of suitability rules, negligence, failure to supervise and negligent supervision.
- March 2019-$145,000 after allegations of unsuitable investments were made in his account.
- April 2018- $170,000, with $25,500 paid individually by Kregor, to resolve allegations that unsuitable investments were made in his account.
- May 2018- $100,00, with $15,000 paid by Kregor individually, after allegations that customer was sold unsuitable investments.
- June 2015 – $50,000, with $15,000 paid by Kregor individually, after allegations of large concentration in Monitise Stock had caused losses in their accounts.
In July 2021, Kregor was offered the option of resigning or retiring from Robert W. Baird & Co. after Kentucky Department of Financial Institution’s sanctions were imposed, as outlined above. Mr. Kregor chose to resign.
Mark Kregor has been employed with Stifel Nicolaus & Co., Inc. since August 2021. Before that time he was with Robert W. Baird & Co. and J.J. B.Hilliard, W.L. Lyons.
If you have questions about an account handled by Mark Fallon Kregor, call for a no charge consultation to learn more about your legal options.
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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