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FSC Securities broker Gregg Templeton: Complaints

shutterstock_159512447The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding New York-based FSC Securities broker Gregg Templeton, particularly if those investors have been solicited to invest in shares of Adaptive Media (ADTM).

Gregg Templeton (CRD# 2412775) has spent 21 years in the securities industry and has been registered with FSC Securities in New York, New York since September 2015. Previous registrations include Oppenheimer & Company in New York (2007-2015); Morgan Stanley DW in New York (1998-2006); GKN Securities in New York (1996-1998); First Metropolitan Securities in New York (1996); State Capital Markets in New York (1996); Gruntal & Company in New York (1994-1996); and Royce Investment Group in Woodbury, New York (1993-1994). Mr. Templeton is a registered broker in California, New Jersey, and New York.

According to his BrokerCheck report, Gregg Templeton is the subject of two customer complaints and was discharged from his position at Morgan Stanley DW.

In 2006 Gregg Templeton submitted his “voluntary resignation” from Morgan Stanley DW following allegations he failed to obtain approval for a website and failed to notify the firm of a change in a previously-approved outside business activity.

In 2003 a customer alleged Gregg Templeton, while employed at Morgan Stanley DW, made unsuitable investment recommendations. The complaint settled for more than $5,500.

In 1997 a customer alleged Gregg Templeton, while employed at State Capital Markets, breached contract and failed to execute transactions. The complaint resulted in an award to the customer of $4,525.

In light of his record of misconduct, the securities fraud attorneys at Fitapelli Kurta are currently investigating allegations that Gregg Templeton, while employed at Oppenheimer, solicited investments in a penny stock known as Adaptive Media (ADTM), previously known as Mimvi and Fashion Net. According to an inside source, Mr. Templeton solicited a $10,000,000 investment in ADTM, for which he received a payment of $3,700,000. However, this allegedly constituted a private securities transaction in violation of FINRA rules and federal securities law.

If you have lost money investing with Gregg Templeton, you may be able to recover lost funds. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you receive money. By law there is a limited window to file claims, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.