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Investor Alleges Gregory Lambesis Misled Them

Sep 16, 2022 Misrepresentation

Gregory Lambesis (CRD #: 1095876), a broker registered with CUSO Financial Services, was recently involved in a dispute, according to his BrokerCheck record, accessed on August 26, 2022. Keep reading to learn more about his conduct as a broker.

Investor Dispute

On July 13, 2022, an investor filed a dispute alleging that Gregory Lambesis misled them regarding the duration of their premium payments. This dispute was denied by the firm.

However, investors should know that firms don’t need to permit an external review before denying disputes. Investors can still pursue FINRA arbitration and potentially recoup their losses after a denial.

FINRA Rule 2020

FINRA Rule 2020 bans the use of fraudulent tactics, like deception or manipulation, as they relate to the purchase and sale of securities.

Regulatory Action by the State of Vermont

On May 21, 20215, the Securities Division of the Vermont Department of Financial Regulation alleged that Gregory Lambesis communicated with a client using an unapproved email account and failed to notify his firm of a client complaint.

The Department of Financial Regulation fined Gregory Lambesis $12,500.

FINRA Rule 2010

Many forms of misconduct violate FINRA Rule 2010, which holds brokers to high standards of professional honor and just and equitable principles of trade.

Background Information

Gregory Lambesis has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Gregory Lambesis is a registered broker in 14 states and a registered investment adviser in Vermont.

He has also worked for the following firms:

  • Cadaret, Grant & Company (CRD#:10641)
  • New England Securities (CRD#:615)
  • ESI Financial Advisors (CRD#:265)
  • Equity Services (CRD #: 265) 
  • Pruco Securities (CRD#:5685)

Kurta Law Can Help

If you worked with Gregory Lambesis 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.