Articles Tagged with Selling Away Lawyers

Former Customer of Ex-Merrill Lynch Broker Greg Whelan Alleged Selling Away Losses. Our Selling Away Lawyers Are Investigating 

Selling away can lead to serious investor losses. At Shepherd Smith Edwards and Kantas (investorlawyers.com), our Selling Away Lawyers are speaking to former customers of financial advisor Gregory DePaul Whelan who have experienced portfolio losses that they suspect may involve investments that were never approved by his then-brokerage firm Merrill Lynch, Pierce, Fenner & Smith.

Greg Whelan, who is now a Kovack Securities registered representative, resigned from Merrill Lynch last year following allegations of selling away and conflicts of interest. His CRD notes that at least one customer dispute alleging selling away, unsuitability, and misrepresentations that was filed concluded with a $3.5M settlement. Whelan denies wrongdoing.

What To Know About Broker Selling Away

Ex-American Trust Financial Advisor David Geake Is Barred Following 25 Customer Disputes

The Financial Industry Regulatory Authority (FINRA) has barred former stockbroker David Geake for alleged broker misconduct. Geake, who most recently was an American Trust Investment Services financial advisor, has 25 customer disputes on his CRD. He was fired from another broker-dealer Ausdel Financial Partners for allegedly selling away, which appears to be the reason for the industry bar.

Contact Information