Investor Alleges Gregory Pidgeon’s Recommendations Were Not in Their Best Interest
Gregory Pidgeon (CRD #: 5952532), a broker registered with Morgan Stanley, was involved in a recent dispute, according to his BrokerCheck record, accessed on June 26, 2022. If you have questions about Gregory Pidgeon’s conduct as a broker, keep reading.
On April 14, 2022, an investor alleged that, among other things, Gregory Pidgeon recommended alternative investments that did not suit his investor’s needs in 2021 and 2022. This dispute was denied by the firm.
However, investors should know that firms can deny disputes without an outside review. Investors can still seek out FINRA arbitration and potentially recover their funds following a denial.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:
- Financial goals
- Risk tolerance
- Time horizon (i.e., how long the investor plans to hold the investment)
- Investing experience
- Tax status
Investors may be able to recover funds lost through unsuitable investment recommendations by seeking out FINRA arbitration.
Gregory Pidgeon has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 3 – National Commodity Futures Examination
- Series 7 – General Securities Representative Examination
Gregory Pidgeon is a registered broker in 20 states and the District of Columbia. He is also a registered investment adviser in New Jersey, New York, and Texas.
Kurta Law Can Help
If you worked with Gregory Pidgeon and you have concerns about your investments, please contact us today at 877-600-0098 or email@example.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.