{"id":5814,"date":"2015-05-21T00:00:00","date_gmt":"2015-05-21T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/05\/gray_financial_is_charged_with"},"modified":"2022-05-06T15:49:23","modified_gmt":"2022-05-06T20:49:23","slug":"gray-financial-is-charged-with","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/gray-financial-is-charged-with\/","title":{"rendered":"Gray Financial is Charged with Bilking Georgia Pension Funds"},"content":{"rendered":"<p>The SEC is accusing investment advisory firm Gray Financial, its co-CEO Robert C. Hubbard IV, and president\/founder Laurence O. Gray with fraud. The regulator claims that the three of them of breached their duty to clients by directing certain pension funds to invest in a firm-offered alternative investment even while knowing that the investments were not in compliance with Georgia law.<\/p>\n<p><em>The SEC\u2019s order said that Gray Financial made the inappropriate recommendations to Atlanta&#8217;s: <\/em><\/p>\n<p>\u2022 Firefighters\u2019 Pension Fund<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/gray-financial-is-charged-with\/\"  title=\"Continue Reading Gray Financial is Charged with Bilking Georgia Pension Funds\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The SEC is accusing investment advisory firm Gray Financial, its co-CEO Robert C. Hubbard IV, and president\/founder Laurence O. Gray with fraud. The regulator claims that the three of them of breached their duty to clients by directing certain pension funds to invest in a firm-offered alternative investment even while knowing that the investments were [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3957,3760,3761],"tags":[],"class_list":["post-5814","post","type-post","status-publish","format-standard","hentry","category-pension-funds","category-sec-enforcement","category-securities-and-exchange-commis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gray Financial is Charged with Bilking Georgia Pension Funds &#8212; Investor Lawyers Blog &#8212; May 21, 2015<\/title>\n<meta name=\"description\" content=\"The SEC is accusing investment advisory firm Gray Financial, its co-CEO Robert C. Hubbard IV, and president\/founder Laurence O. Gray with fraud. The &#8212; May 21, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/gray-financial-is-charged-with\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Gray Financial is Charged with Bilking Georgia Pension Funds &#8212; Investor Lawyers Blog &#8212; May 21, 2015\" \/>\n<meta name=\"twitter:description\" content=\"The SEC is accusing investment advisory firm Gray Financial, its co-CEO Robert C. Hubbard IV, and president\/founder Laurence O. Gray with fraud. The &#8212; May 21, 2015\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gray Financial is Charged with Bilking Georgia Pension Funds &#8212; Investor Lawyers Blog &#8212; May 21, 2015","description":"The SEC is accusing investment advisory firm Gray Financial, its co-CEO Robert C. Hubbard IV, and president\/founder Laurence O. Gray with fraud. The &#8212; May 21, 2015","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/gray-financial-is-charged-with\/","twitter_card":"summary_large_image","twitter_title":"Gray Financial is Charged with Bilking Georgia Pension Funds &#8212; Investor Lawyers Blog &#8212; May 21, 2015","twitter_description":"The SEC is accusing investment advisory firm Gray Financial, its co-CEO Robert C. Hubbard IV, and president\/founder Laurence O. Gray with fraud. The &#8212; May 21, 2015","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/gray-financial-is-charged-with\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gray-financial-is-charged-with\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Gray Financial is Charged with Bilking Georgia Pension Funds","datePublished":"2015-05-21T05:00:00+00:00","dateModified":"2022-05-06T20:49:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gray-financial-is-charged-with\/"},"wordCount":524,"articleSection":["Pension Funds","SEC Enforcement","Securities and Exchange Commission"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/gray-financial-is-charged-with\/","url":"https:\/\/www.investorlawyers.com\/blog\/gray-financial-is-charged-with\/","name":"Gray Financial is Charged with Bilking Georgia Pension Funds &#8212; Investor Lawyers Blog &#8212; May 21, 2015","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2015-05-21T05:00:00+00:00","dateModified":"2022-05-06T20:49:23+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"The SEC is accusing investment advisory firm Gray Financial, its co-CEO Robert C. 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