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Investor Alleges Gregory Sheehan Misappropriated Funds

Gregory Sheehan (CRD #: 3185230), a broker registered with LPL Financial, allegedly misappropriated funds, according to his BrokerCheck record, accessed on November 6, 2022. If you want to learn more about his conduct as a broker, read on.

Investor Dispute

On September 7, 2022, Gregory Sheehan’s wife alleged that he misappropriated funds from their joint account to invest them into her retirement account from October 13, 2017, and September 6, 2022. Misappropriation or conversion are common problems in the securities industry. This dispute is pending.

FINRA Rule 2150

FINRA Rule 2150 bans the improper use of clients’ funds. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Gregory Sheehan 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

Gregory Sheehan is a registered broker in 13 states and a registered investment adviser in Texas.

He has also worked for the following firms:

  • Edward Jones (CRD#:250)
  • Metropolitan Life Insurance Company (CRD#:4095)
  • MetLife Securities (CRD#:14251)

Kurta Law Can Help

If you worked with Gregory Sheehan 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. 

 

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