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Gregory Van Winkle: Suspended with 25 Complaints

The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Indiana-based IFS broker Gregory Van Winkle (CRD# 1056407).

Gregory Van Winkle has spent 32 years in the securities industry and has been registered with IFS Securities in Indianapolis, Indiana since 2013. Previous registrations include Securities America in Indianapolis (1995-2013); Linsco/Private Ledger Corporation in Boston, Massachusetts (1992-1995); American Express Financial Services in Minneapolis, Minnesota (1982-1992); and IDS Financial Services (1982-1986). He is a registered broker in nine US states: Arizona, Florida, Georgia, Illinois, Indiana, Kansas, Michigan, Ohio, and Virginia.

shutterstock_216917509According to his BrokerCheck report, Gregory Van Winkle is the subject of 25 customer complaints and two regulatory sanctions.

In June 2015 FINRA sanctioned Gregory Van Winkle following allegations he signed a customer’s name to seven letters that authorized a disbursement of funds, amounting to roughly $20,000 from her variable annuity policy, without the customer’s knowledge or consent. Mr. Van Winkle was issued a $5,000 fine and suspended from the securities industry for twenty business days.

In 2014 a customer alleged Gregory Van Winkle, while employed at Securities America, misrepresented and omitted material facts, violated the Indiana Securities Act, breached his fiduciary duty, acted negligently, breached contract, and recommended an unsuitable investment. The complaint settled in 2015 for $80,000.

In 2013 a customer alleged Gregory Van Winkle, while employed at Securities America, breached contract, violated state securities law and FINRA rules, committed fraud, and made unsuitable recommendations. The complaint settled in 2014 for $125,000.

In 2011 a customer filed a complaint against Gregory Van Winkle, while he was employed at Securities America, alleging that he had verbally expressed concerns about account losses and did not understand the death benefit feature of a variable annuity. The complaint settled in 2012 for $237,500.

In 2011 a customer filed a complaint against Gregory Van Winkle, while he was employed at Securities America, alleging that he had verbally expressed concerns about account losses and did not understand the death benefit feature of a variable annuity. The complaint settled in 2012 for $170,000.

In 2011 a customer alleged Gregory Van Winkle, while employed at Securities America, acted negligently and committed fraud in connection to variable annuity investments. The complaint settled in 2012 for $185,000.

In 2011 a customer alleged Gregory Van Winkle, while employed at Securities America, misrepresented material facts related to a variable annuity investment that performed poorly. The complaint settled for $25,000.

If you have lost money investing with Gregory Van Winkle, you may be eligible to recover your losses. 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 collect money. By law there is a limited window to file claims, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.