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Gregory Schwartz Embroiled in Unsuitability Dispute

Mar 16, 2022 Unsuitable Investments

Gregory Schwartz (CRD #: 1177836), a broker registered with Gregory J. Schwartz & Co, is facing an unsuitability dispute, according to his BrokerCheck record, accessed on March 2, 2022.  He is also an investment advisor registered with Schwartz & Co.

On November 22, 2021, Gregory Schwartz was named in an investor dispute. According to the allegations, the client claims the position held in the account was not suitable. The investor is seeking $287,000; the dispute is pending.

What is Suitability?

“Suitability” is the term used to describe a standard for investments that financial professionals must follow. An investment is only considered "suitable" if it meets the suitability criteria outlined in FINRA Rule 2111

A broker must have exercised due diligence and have an adequate reason for believing that an investment will benefit the investor. Investors who rely on their brokers for recommendations may be able to recover their losses through FINRA arbitration if their broker recommended an unsuitable investment. 

Background Information

Gregory Schwartz has passed the following exams:

  • Series 66 - Uniform Combined State 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
  • Series 24 - General Securities Principal Examination

He is a registered broker in 10 states and a registered investment advisor in Michigan.

Gregory Schwartz has not worked with any other firm besides Gregory J. Schwartz & Co and Schwartz & Co.

Kurta Law Can Help

If you have worked with Gregory Schwartz and have concerns about your investments, don't hesitate to contact us today 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 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.