Gregory Coleman (CRD #4571355) Has Customer Dispute and Employment Separation Disclosures on FINRA BrokerCheck

Gregory Coleman (CRD #4571355) was previously registered as a broker and has customer dispute and employment separation disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on May 13, 2026. It reflects one customer dispute and one termination disclosure. If you invested with Gregory Coleman and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Gregory Coleman’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute is below:

On June 13, 2008, a customer alleged that a verbal complaint arose from the sale of an auction rate security. The transaction occurred before the ARS market faced widespread failed auctions and illiquidity in February 2008. Gregory Coleman’s FINRA BrokerCheck Report lists the product as an auction rate security and states that damages were unspecified. The dispute settled for $25,000 on December 13, 2008. The report states that Coleman did not contribute to the settlement. Citigroup Global Markets Inc. said the firm repurchased ARS at full par value for certain clients under agreements with regulators.

Employment Separation

Gregory Coleman’s FINRA BrokerCheck Report reflects one employment separation disclosure. A summary of the disclosure is below:

Merrill Lynch, Pierce, Fenner & Smith Incorporated discharged Coleman on March 18, 2026. The firm reported conduct involving the removal of property from the office building. Gregory Coleman’s FINRA BrokerCheck Report states that no client financial information or confidential information was involved. The report lists the product type as no product.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for a securities recommendation. A broker should match the recommendation to the customer’s investment profile. Complaints involving auction rate securities may raise questions about risk, liquidity, and fit.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor)

FINRA Rule 2010 requires firms and associated persons to observe high standards of commercial honor. Termination disclosures may raise questions about a broker’s conduct and professional standards.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Gregory Coleman:

Is not currently registered as a broker.

Has passed the Securities Industry Essentials (SIE) exam and Series 7. He has also passed Series 65 and Series 63.

Was previously registered with firms that include Merrill Lynch, Pierce, Fenner & Smith Incorporated, UBS Financial Services Inc., and Citigroup Global Markets Inc.

Kurta Law Can Help

If you have worked with Gregory Coleman and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Examples of Investment Fraud | Securities Attorney

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.