Greg Singletary: Merrill Lynch Advisor Lands Suitability Complaint

Clearwater, Florida financial advisor Greg Singletary (CRD# 718580) recently received an investor complaint alleging that he violated industry rules. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Merrill Lynch.

Mr. Singletary’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in September 2026, alleges that as a representative of Merrill Lynch, he made unauthorized trades and recommended unsuitable investments. The pending complaint alleges unspecified damages.

A second investor complaint, filed in February 2003, alleged that as a representative of Wachovia Securities, he failed to follow the client’s instruction. The complaint reached a settlement of $15,566.49.

A third investor complaint, filed in 1990, alleged that as a representative of Johnson Lane Space Smith & Company, he misrepresented and recommended unsuitable investments. The complaint resulted in an award to the customer of $18,453.30.

For reference, the execution of unauthorized transactions may violate FINRA Rule 3260, which establishes specific conditions in which brokers like Mr. Singletary may conduct trading without first consulting their client. Unauthorized trading may also violate FINRA Rule 2010, which stipulates that brokers must “observe high standards of commercial honor and just and equitable principles of trade.” A third important rule investors should be aware of is FINRA Rule 2020, which states that no broker may “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” Brokers who execute unauthorized trades may be held liable for damages and/or subject to disciplinary action.

According to the Financial Industry Regulatory Authority, Gregory Singletary holds 39 years of securities industry experience. Based in Clearwater, Florida, he has been registered as a broker and an investment advisor with Merrill Lynch since 2008. His past registrations include Wachovia Securities, First Union Capital Markets, Branch Cabell & Company, and Johnson Lane Space Smith & Company. His credentials include the passage of six securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Securities Industry Essentials Examination, or SIE; the Futures Managed Funds Examination, or Series 31; the General Securities Representative Examination, or Series 7; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 38 state licenses. (Information current as of October 17, 2026.)

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