Gregg Ferguson Investigation
May 2022- Bellville, TX
According to publicly available records, Howell Gregory “Gregg” Ferguson, an LPL Financial broker discloses a regulatory sanction and a pending customer dispute.
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 2/2022 FINRA suspended Gregg Ferguson for two years and fined him $10,000 to resolve allegations that he forged documents by signing a customer’s name without the customer’s permission. FINRA found that initially Ferguson denied signing the customer’s name in response to FINRA’s request for information. Subsequently FINRA obtained Ferguson’s emails about the forms and Ferguson recanted his false statements and admitted he had signed the customer’s name without permission.
In 11/2021 a customer of LPL Financial filed FINRA case 21-2805 alleging that Ferguson recommended two unsuitable alternative investments. The customer seeks $58,000 in this currently pending case.
Ferguson was employed by LPL Financial from 3/2010-2/2020 and operated IBI Finanical in Bellville, TX.
If you had an account with Howell “Gregg” Ferguson that suffered losses, you may be entitled to collect damages from his employer. Call to discuss your 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.
Florida-561 391 1900