Gregg Templeton was a New York based securities broker. He worked in the securities industry for twenty-one years. During his career, he was registered with nine different securities firms.
His registrations included; Royce Investment Group (1993-1994), Gruntal & Co. (1994-1996), State Capital Markets Corporation (1996), First Metropolitan Securities (1996), GKN Securities Corp. (1996-1998), Morgan Stanley (1998-2006), Oppenheimer & Co. (2007-2015), FSC Securities Corporation (2015-2016), and Aegis Capital Corp. (2016). He is no longer working as a registered securities broker in any fashion.
Gregg Templeton’s publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career.
In December 2015, a customer alleged that Gregg Templeton executed unauthorized transactions. This case was settled for $30,000 in damages.
In January 2016, a customer alleged that Gregg Templeton misappropriated almost $20,000 by withdrawing funds from their account for his own personal use. The customer further alleged fraud, breach of fiduciary duty, and breach of contract. This case was settled for $562,500 in damages.
In March 2016, a customer alleged unauthorized trading. This case was settled for $61,475 in damages.
In August 2016, a customer accused Greg Templeton of both fraud and breach of contract in connection with his purchase of $6.75 million of securities. This case was settled for $2 million.
In April 2017, Gregg Templeton was officially sanctioned by FINRA. The findings in this matter state that he failed to comply with an investigation into allegations of that he misused customer funds in addition to other sales practice violations. Due to his failure to comply, he was barred by FINRA from acting as a securities broker in any fashion.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Gregg Templeton, please contact Oakes & Fosher for a free and private consultation.