Greg Gibson Allegedly Misrepresented Investments

Greg Gibson (CRD #: 1694647), a broker registered with Dempsey Lord Smith, allegedly made misrepresentations, according to his BrokerCheck record, accessed on December 5, 2022. If you want to know more about his alleged conduct as a broker, read on.

Investor Dispute

In a dispute filed on September 27, 2022, an investor alleged Greg Gibson gave unsuitable investment recommendations and misrepresented investments. This dispute is currently pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. An investor’s profile describes their risk tolerance, tax status, age, and other characteristics. 

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise unethical methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Background Information

Greg Gibson has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 22 – Direct Participation Programs Representative Examination
• Series 62 – Corporate Securities Limited Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Greg Gibson is a registered broker in six states and a registered investment adviser in South Carolina.

He has also worked for the following firms:

• Park Avenue Securities (CRD#:46173)
• Guardian Investor Services (CRD#:6635)
• Pruco Securities (CRD#:5685)
• The Prudential Insurance Company of America (CRD#:680)

Kurta Law Can Help

If you worked with Greg Gibson and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.