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Suitability Complaint Against Greenville Advisor Greg Gibson
Greg Gibson (CRD# 1694647), a financial advisor with Dempsey Lord Smith, recently received an investor complaint alleging his advice resulted in damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor based in Greenville, South Carolina.
Mr. Gibson’s BrokerCheck report discloses one investor complaint. Filed in September 2022, it alleges that as a representative of Dempsey Lord Smith, he recommended unsuitable investments and made misrepresentations of material facts relating to his recommendations. The pending complaint alleges unspecified damages.
Investors should be aware that FINRA rules forbid brokers from making misrepresentations of material information relating to the investments and strategies they recommend to their clients. FINRA Rule 2020 states specifically that no broker shall “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 misrepresent investments may be held liable in the event of losses.
According to the Financial Industry Regulatory Authority, Greg Gibson holds 34 years of securities industry experience. Based in Greenville, South Carolina, he has been a broker and an investment advisor with Dempsey Lord Smith since 2012. His past registrations include Park Avenue Securities (Greenville, South Carolina; 1999-2012), Guardian Investor Services Corporation (New York, New York; 1992-1999), Pruco Securities Corporation (Newark, New Jersey; 1987-1991) and the Prudential Insurance Company of America (Newark, New Jersey; 1987-1991). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; 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; and the Direct Participation Programs Representative Examination, or Series 22. He is licensed in Alabama, Florida, Georgia, Michigan, North Carolina, and South Carolina. (Information current as of November 4, 2022.)
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.