Switch to ADA Accessible Theme
Close Menu
Free Consultation: 888-976-6111

Ex-Cetera Rep Greg McKinney Has $1 Million Investor Complaint

Former Tulsa, Oklahoma broker and investment adviser Greg McKinney (CRD#: 2100850) recently received a pending customer complaint alleging his conduct resulted in $1 million in damages. According to records maintained by the Financial Industry Regulatory Authority (FINRA), McKinney was most recently registered with Cetera Advisors, but he has been barred from acting as a broker or otherwise associating with a broker-dealer firm.

Greg McKinney’s BrokerCheck report currently lists one settled investor complaint and four pending investor complaints against him. It also describes a FINRA decision, rendered in February 2020, barring him from acting as a broker in connection to allegations he failed to comply with an investigation “into his possible participation in undisclosed private securities transactions.”

A complaint filed in March 2020 alleged that while a representative of Cetera Advisors, Greg McKinney made misrepresentations regarding real estate investment trust products and “made securities recommendations to generate commissions.” The complaint reached a settlement of $29,593.

A pending investor complaint filed in November 2020 alleges that as a Cetera Advisors representative, Greg McKinney recommended unsuitable investments in direct participation programs and limited partnership interests. The pending complaint alleges unspecified damages.

A pending complaint filed in September 2020 alleges that while at Cetera Advisors, Greg McKinney recommended unsuitable investments in direct participation programs and limited partnership interests. The pending complaint alleges damages of $1 million.

Another pending complaint filed in September 2020 alleges that as a representative of Cetera Advisors, he made unsuitable investment recommendations. The pending complaint alleges damages of $500,000.

A pending complaint filed in March 2020 alleges that while at Cetera Advisors, he committed common law fraud, breached his fiduciary duty, and acted negligently. The pending complaint alleges damages between $500,000 and $1,000,000.

According to the Financial Industry Regulatory Authority (FINRA), Greg McKinney holds 28 years of securities industry experience and is currently barred from acting as a broker. His prior registrations include Cetera Advisors in Tulsa, Oklahoma and Securian Financial Services in Tulsa, Oklahoma. He has passed five securities industry qualifying examinations: the Uniform Securities Agent State Law Examination, or Series 63; the Corporate Securities Limited Representative Examination, or Series 62; the Securities Industry Essentials Examination, or SIE; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; and the General Securities Representative Examination, or Series 7. He holds 49 state securities licenses. (Information current as of August 18, 2021.)

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • Michael Leahy: Red Bank Rep Barred Over Alleged Supervisory Failures

    Former First Standard Financial Company broker Michael Leahy (CRD# 1899498) has been barred by the Financial Industry Regulatory Authority (FINRA)...

    Read More
  • Ex-LPL Broker John Scott Sanctioned, Barred

    Former Phoenix, Arizona broker and investment adviser John Scott (CRD# 2407610) has been barred by the Financial Industry Regulatory Authority...

    Read More
  • David Martirosian: NYC Rep Barred Over Trading Allegations

    David Martirosian (CRD# 5261144), previously a broker registered with Joseph Stone Capital in New York City, has been sanctioned by...

    Read More
  • Candido Viyella: $2MM Complaint Against Miami Broker

    Former Miami broker and investment adviser Candido Viyella (CRD# 1829255) has received several settled or pending customer complaints in recent...

    Read More
  • Previous
  • Next