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Gregg Fortune Of Securities America, Inc. And Formerly With Cedar Brook Group Has 10 Customer Complaints For Alleged Broker Misconduct

Who is Gregg Fortune of Securities America, Inc.?

Gregg Fortune (CRD #2701163) who is currently registered with Securities America, Inc. and located in West Bloomfield, Michigan is a subject of one of our many securities industry sales practice abuse investigations.  Prior to Securities America, Inc., Gregg Fortune was associated with Cedar Brook Group and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Gregg Fortune Customer Complaints

Gregg Fortune has been the subject of 10 customer complaints that we know about to recover investment losses. Seven of the 10 customer complaints settled in favor of the investors. Two complaints were denied by Securities America at the date, the customers have been, taking any further action. One customer complaint remains pending in arbitration.

Allegations Against Gregg Fortune

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Unsuitable investment recommendations and misrepresentations related to the sale of Medical Capital and Providence Shale direct investments.
  • Overconcentration of direct investments in accounts.
  • Violations of any NASD conduct rules related to the sales of Medical Capital private placement investment.
  • Negligence and breach of fiduciary duty related to the sale of Medical Capital private placement.
  • At negligent misrepresentation related to sale of Medical Capital and Provident Shale private placement investments.
  • Unsuitable allocation of investment portfolio.

Gregg Fortune Red Flags & Your Rights As An Investor

Of course, Gregg Fortune did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Gregg Fortune at Securities America, Inc. and Cedar Brook Groupon alert to review carefully the activity and performance of their accounts and question whether Gregg Fortune has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Securities America, Inc. and Cedar Brook Group also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Securities America, Inc. Due To Gregg Fortune

If you have questions about Securities America, Inc., Cedar Brook Group and/or Gregg Fortune and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $160 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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