DID GREGORY DEPAUL WHELAN CAUSE YOU INVESTMENT LOSSES?
Gregory Whelan Of Merrill Lynch, Pierce, Fenner & Smith Incorporated Has 2 Customer Complaints For Alleged Broker Misconduct
About Gregory Whelan of Merrill Lynch, Pierce, Fenner & Smith Incorporated?
Gregory Whelan (CRD #5247677) is currently employed with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Fort Lauderdale, Florida, as a registered broker since April 22, 2013. He has a substantial background with several notable firms, including previous registrations with Morgan Stanley and UBS Financial Services. Whelan is registered in 21 U.S. states and territories and is affiliated with seven Self-Regulatory Organizations (SROs). His qualifications include passing two general industry/product exams (Series 7 and SIE) and two multi-state securities law exams (Series 63 and 65).
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Gregory Whelan Customer Complaints and Reviews
Gregory Whelan has encountered two customer disputes during his career:
- Customer Dispute – Settled (2021):
- Allegations: Unsuitable investment recommendations and a delay in executing instructions were alleged concerning transactions in July 2017 and February 2020.
- Outcome: The dispute was settled for $100,000, with no personal contribution from Whelan.
- Customer Dispute – Pending (2024):
- Allegations: Allegations include unsuitable investments, misrepresentations, and unauthorized use of personal email for business purposes.
- Alleged Damages: $2,000,000
- Status: This dispute is currently pending.
Allegations Against Gregory Whelan
- Unsuitable Investment Recommendations: Concerns were raised about the suitability of the investments recommended by Whelan, particularly related to cash management accounts and various securities including REITs and private securities.
- Misrepresentations and Delay in Execution: Allegations that Whelan misrepresented investment products and failed to timely execute trading instructions.
- Selling Away Using Personal Email: Accused of using personal communication channels for selling activities that might have circumvented firm policies and standard regulatory practices.
Gregory Whelan Red Flags & Your Rights As An Investor
Of course, Gregory Whelan did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Gregory Whelan at Merrill Lynch, Pierce, Fenner & Smith Incorporated on alert to review carefully the activity and performance of their accounts and question whether Gregory Whelan has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Merrill Lynch, Pierce, Fenner & Smith Incorporated also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Merrill Lynch, Pierce, Fenner & Smith Incorporated Due To Gregory Whelan
If you have questions about Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Gregory Whelan and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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