Skip to main content

Exit WCAG Theme

Switch to Non-ADA Website

Accessibility Options

Select Text Sizes

Select Text Color

Website Accessibility Information Close Options
Close Menu
Carlson Law, P.A. Motto
  • Free Consultation
  • ~

Florence Capital’s Greg Hersch Allegedly Caused $1MM Losses

New York City broker and investment adviser Greg Hersch (CRD# 3254629) is the recipient of a $1.4 million pending investor complaint alleging he engaged in multiple forms of misconduct, records maintained by the Financial Industry Regulatory Authority (FINRA) show. Hersch is currently a representative of Old City Securities and Florence Capital Advisors in New York, New York.

The single complaint listed on Greg Hersch’s BrokerCheck report was filed in December 2020. It alleges that as a representative of Florence Capital Advisors, Hirsch breached his fiduciary duty to place the investor’s interests above his own, committed constructive fraud, intentionally misrepresented facts, concealed facts, negligently misrepresented facts, and acted negligently with regards to investments in a private fund. The pending complaint alleges damages of $1.4 million.

According to Financial Industry Regulatory Authority (FINRA) records, Greg Hersch holds 19 years of experience in the securities industry and has been a registered representative of Old City Securities in New York, New York since 2017 and Florence Capital Advisors in New York, New York since 2020. (Florence Capital is also known as Braddock Advisors, according to its SEC-maintained Investment Adviser Firm Summary.) His previous registrations include Fusion Analytics Securities in Coral Springs, Florida; Innovation Partners in Charlotte, North Carolina, UBS Financial Services in New York, New York; Citigroup Global Markets in New York, New York; and Bear Stearns & Company in New York, New York. He has passed four securities industry qualifying examinations: the Uniform Combined State Law Examination, or Series 66; the Securities Industry Essentials Examination, or SIE; the Futures Managed Funds Examination, or Series 31; and the General Securities Representative Examination, or Series 7. He currently holds eight state registrations: California, Connecticut, Florida, New Jersey, New York, Ohio, South Dakota, and Texas, where he is registered as an investment adviser. (Information current as of June 10, 2021.)

Facebook Twitter LinkedIn

By submitting this form I acknowledge that form submissions via this website do not create an attorney-client relationship, and any information I send is not protected by attorney-client privilege.

Latest Blog Posts

Steven Hirata: FINRA Sanctions, Bars Ex-PFS Investments Advisor

Former Fresno financial advisor Steven Hirata (CRD# 1188927) was recently sanctioned by the Financial Industry Regulatory Authority for allegedly refusing to cooperate with an investigation into his conduct. FINRA records...

Read More

Rod Thomas: GPB Auto Complaint Against Former SCF Securities Advisor

Boca Raton financial advisory Rod Thomas (CRD# 4010563) recommended an unsuitable investment in GPB Automotive, according to a recent investor complaint against him. Financial Industry Regulatory Authority records show that...

Read More

Scott Brooks: GPB Capital Complaint Against Gold Coast Advisor

San Clemente, California financial advisor Scott Brooks (CRD# 3235252) recently received an investor complaint alleging he engaged in negligence and other forms of misconduct. Financial Industry Regulatory Authority records show...

Read More

By submitting this form I acknowledge that form submissions via this website do not create an attorney-client relationship, and any information I send is not protected by attorney-client privilege.

Skip footer and go back to main navigation