State of Minnesota Revokes Greg Koalska’s Registration

Greg Koalska (CRD #: 1578113), a broker formerly registered with KCD Financial, allegedly impersonated clients, according to his BrokerCheck record, accessed on October 1, 2022. Keep reading if you have questions about his conduct as a broker.

Regulatory Actions by State of Minnesota

On July 25, 2022, the State of Minnesota revoked Greg Koalska’s registration after determining that he allegedly impersonated clients when contacting insurance call centers and obtained client information in this way.

On March 10, 2020, the State of Minnesota Department of Commerce alleged that Greg Koalska impersonated a former client to an insurance company. Greg Koalska was fined $1,000.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Resignation from Cambridge Investment Research

On May 29, 2020, Greg Koalska was permitted to resign from Cambridge Investment Research after he allegedly violated firm policy by failing to disclose a reportable event to the firm and, allegedly more than once, misrepresenting his identity to a sponsor company representative.

Background Information

Greg Koalska has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 22 – Direct Participation Programs Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination
• Series 24 – General Securities Principal Examination

He previously worked for the following firms:

• KCD Financial (CRD#:127473)
• Cambridge Investment Research (CRD#:39543)
• FSC Securities Corporation (CRD#:7461)
• Maxwell Simon (CRD#:12667)
• Linsco/Private Ledger Corporation (CRD#:6413)
• First Investors Corporation (CRD#:305)

Kurta Law Can Help

If you worked with Greg Koalska 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.