The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Michael McGregor. According to his publicly available FINRA BrokerCheck report, Michael McGregor has been the subject of a FINRA sanction.

Michael McGregor was a New York based securities broker. He worked in the securities industry for twenty years. During his career, he was registered with eleven different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • Roan Capital Partners (1997)
  • Ash Financial Corp. (1997-1998)
  • CIBC World Markets (1997-1999)
  • Josephthal & Co. (1999-2002)
  • Fahnestock & Co. (2002-2003)
  • Investors Capital Corp. (2003-2005)
  • Garden State Securities (2005-2013)
  • Fordham Financial Management (2013-2014)
  • John Carris Investments (2013-2014)
  • Blackbook Capital (2014-2016)
  • Aegis Capital Corp. (2016-2018)

The Allegations

Michael McGregor was officially sanctioned by FINRA in March 2018. The findings in this matter state that he took part in the unsuitable trading of a customer’s two accounts. The customer in question, was a retired individual with very limited investment experience. The customer was also very clear with McGregor about their need for conservative investment objectives. The alleged unsuitable recommendations resulted in a loss of $14,266. Due to these allegations, he was fined $5,000, forced to repay $14,266 in restitution, and suspended from acting as a securities broker in any fashion for a period of four months.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Michael McGregor, please contact Oakes & Fosher for a free and private consultation.