Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on January 31, 2017 indicate that former Utah-based Commonwealth Financial Network broker/adviser Gilbert Greer has been named in a pending FINRA complaint and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Greer (CRD# 723153).
Gilbert Greer has spent 28 years in the securities industry and was most recently registered with Commonwealth Financial Network in Alpine, Utah (2005-2016). Previous registrations include Walnut Street Securities in El Segundo, California; Nathan & Lewis Securities in New York, New York; Washington Square Securities in Des Moines, Iowa; Interwest Securities Corporation; First Columbia Corporation; Petronomics Corporation; and EI Corporation.
According to his BrokerCheck report, Gilbert Greer has received one customer dispute.
In 2009 a customer alleged Gilbert Greer, while employed at Commonwealth Financial Network, recommended unsuitable investments in equity listed products, oil and gas securities, and mutual fund products. The complaint settled in 2012 for $250,000.
A mutual fund is an investment class that combines a portfolio of stocks, bonds, or other securities. Each share of a portfolio represents the investor’s ownership of the fund’s holdings and the income generated by these holdings. Mutual funds usually generate money for investors either by through dividends on stocks and interests on bonds, or a capital gain on the sale of securities. Mutual funds also allow you to receive a check for the distributions or simply reinvest the earning into more shares. They are often inexpensive and easily purchased, allocate risk well, and come with professional management. However, they may also come with hidden fees, and trigger a capital gains tax when a fund manager sells a security. Brokers and investment advisers who engage in misconduct related to mutual fund investments, such as recommending unsuitable mutual funds, may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.
If you or someone you know has complaints regarding Gilbert Greer, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.