Advisor Alert: Our Attorneys Are Investigating Gregory Allen Foster For Investment Fraud
Did You Lose Money Because of Gregory Foster?
Filed: March 11, 2024
Gregory Foster has been the subject of four (4) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Gregory Allen Foster.
Who Is Gregory Allen Foster of UBS Financial Services Inc.?
- Advisor Name: Gregory Allen Foster
- Aliases: Gregory Foster
- CRD: 1532735
- Location: Wayzata, Minnesota
- Current Employer: UBS Financial Services Inc.
- Previous Firms: RBC Capital Markets Corporation
- Number of Known Customer Complaints: 4
- Can Gregory Foster Be Sued: Yes, in Private Arbitration
- Can Gregory Foster’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $575,000
- Highest Settlement: $466,625.37
If you have suffered investment losses by Gregory Foster, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a margin call liquidations lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Gregory Foster For Broker Misconduct
As of this publication date, Gregory Foster has been the subject of 4 customer disputes. Let’s review them below.
In March 2023, a FINRA arbitration was filed against or in reference to Gregory Foster by a customer of UBS Financial Services Inc. alleging that Mr. Foster failed to timely file a required form 144 that caused his trade to be canceled. Due to this cancellation, the client suffered a significant loss. Per the customer, he/she lost over $300,000 because of Mr. Foster’s actions. On August 28, 2023, Mr. Foster settled the claim for $326,111, and some or all of this amount may have been paid by Mr. Foster’s employer and/or insurance carrier.
In March 2020, a complaint was filed against or in reference to Gregory Foster by a customer of UBS Financial Services Inc. alleging that the client’s instructions to liquidate his account were not followed. Per the customer, he lost over $575,000 because of Mr. Foster’s actions. On June 1, 2020, Mr. Foster settled the claim for $466,625.37, and some or all of this amount may have been paid by Mr. Foster’s employer and/or insurance carrier.
In September 2009, a FINRA arbitration was filed against or in reference to Gregory Foster by multiple customers of RBC Wealth Management alleging that Mr. Foster did not follow instructions and liquidate stocks. Per the customers, they lost over $58,563.49 because of Mr. Foster’s actions. On February 4, 2010, Mr. Foster settled the claim for $9,999, and some or all of this amount may have been paid by Mr. Foster’s employer and/or insurance carrier.
In June 2001, a complaint was filed against or in reference to Gregory Foster by a customer of Dain Rauscher Inc. alleging that Mr. Foster failed in February 2001 to place a stop loss order on his investment in XOXO Communications. Per the customer, he lost over $10,711.33 because of Mr. Foster’s actions. On August 15, 2001, Mr. Foster settled the claim for $5,050, and some or all of this amount may have been paid by Mr. Foster’s employer and/or insurance carrier.
How To File A Claim Against Gregory Foster of UBS Financial Services Inc. (previously with RBC Capital Markets Corporation) To Get Your Money Back
If you have questions about Gregory Foster, UBS Financial Services Inc., RBC Capital Markets Corporation, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.