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Greg Foster: $300K Complaint Against UBS Financial Advisor
Wayzata, Minnesota financial advisor Greg Foster (CRD# 1532735) recently received an investor complaint alleging his conduct resulted in six-figure losses. Records maintained by the Financial Industry Regulatory Authority indicate that he is a broker and an investment advisor with UBS Financial Services.
Mr. Foster’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in March 2023, alleges that as a representative of UBS Financial Services, he failed to timely file a required form and consequently caused a trade to be cancelled. The pending complaint alleges damages of $300,000.
A second investor complaint, filed in 2020, alleged that as a UBS representative, he did not follow the customer’s instructions to liquidate the account. The complaint reached a settlement of $466,625.37.
A third investor complaint, filed in 2009, alleged that he did not follow a customer’s instructions to liquidate stocks while he was a representative of RBC Wealth Management. In 2010 the complaint reached a settlement of $9,999.
A fourth investor complaint, filed in 2001, alleged that he failed to place a stop loss order. The complaint reached a settlement of $5,050.
According to the Financial Industry Regulatory Authority, Greg Foster holds 35 years of securities industry experience. Based in Wayzata, Minnesota, he has been a broker and an investment advisor with UBS Financial Services since 2010 and 2013, respectively. He is also registered with the firm’s offices in Minneapolis, Minnesota and Pepin, Wisconsin. His registration history includes RBC Capital Markets (Edina, Minnesota; 1998-2010), Dain Rauscher (1995-1998), Smith Barney (New York, New York; 1989-1995), and Drexel Burnham Lambert (1987-1989). His credentials include the passage of seven securities industry qualifying exams: the National Commodity Futures Examination, or Series 3; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; the Uniform Combined State Law Examination, or Series 66; and the Uniform Investment Adviser Law Examination, or Series 65. He holds 29 state licenses. (Information current as of April 22, 2023.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.