Gregory Libby is Facing Allegations of Unsuitable Recommendations

Gregory Libby (CRD #: 2455485), a broker registered with Morgan Stanley, allegedly recommended unsuitable investment strategies, according to his BrokerCheck record, accessed on July 30, 2025. Keep reading if you have questions about his alleged conduct as a broker. 

Investor Disputes

On May 6, 2025, an investor alleged that Gregory Libbey executed an unsuitable investment strategy from May 2019 to April 2025. They seek $500,000 in damages in this pending dispute.

On November 9, 2023, an investor alleged that Gregory Libby implemented an unsuitable investment strategy in a retirement plan. This dispute was settled for $50,000.

What is an Unsuitable Recommendation?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Unsuitable recommendations in retirement accounts violate this rule. 

Background Information 

Gregory Libby has passed the following exams:

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination

He is a registered broker in 40 states and the District of Columbia. He is also a registered investment adviser in New Jersey, New York, and Texas. 

Gregory Libby has previously registered with the following firms: 

• Smith Barney (CRD#:7059) 
• CitiGroup Global Markets (CRD #: 7059) 
• Dean Witter Reynolds (CRD #: 7556) 

Kurta Law Can Help 

If you have worked with Gregory Libby and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.