Public records published by the Financial Industry Regulatory Authority (FINRA) on April 25, 2016 indicate that Indiana-based Commonwealth Financial Network broker/adviser Gregory Shields is the subject of a customer complaint. The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Mr. Shields (CRD# 3115350).
Gregory Shields has spent 17 years in the securities industry and has been registered with Commonwealth Financial Services in Indianapolis, Indiana since 2011. Previous registrations include VSR Financial Services in Richmond, Indiana (2005-2011); Raymond James Financial Services in St. Petersburg, Florida (2000-2005); and HD Vest Investment Securities in Irving, Texas (1998-2000). He is a registered broker and investment adviser in 16 US states and territories: Arizona, California, Colorado, Florida, Idaho, Illinois, Indiana, Michigan, Minnesota, Missouri, North Carolina, Ohio, Texas, Virginia, Washington, and Wisconsin.
According to his BrokerCheck report, Gregory Shields is the subject of one customer complaint and one denied customer complaint.
In 2012, a customer alleged that Gregory Shields, while employed at VSR Financial Services, committed fraud, breached his fiduciary duty, and acted negligently. The complaint settled in 2012 for $20,000.
In 2008, a customer alleged that Gregory Shields, while employed at VSR Financial Services, misrepresented material facts related to an investment. The customer sought $288,600 in damages in the complaint, which was denied.
If you or someone you know has a complaint regarding Gregory Shields, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on a contingency basis; we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.