Advisor Alert: Our Attorneys Are Investigating Gregory Robert Sain For Investment Fraud
Did You Lose Money Because of Gregory Sain?
Filed: March 11, 2024
Gregory Sain currently has one (1) pending customer complaint. Overall, he 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 Robert Sain.
Who Is Gregory Robert Sain of Morgan Stanley?
- Advisor Name: Gregory Robert Sain
- Aliases: Gregory Sain
- CRD: 1629842
- Location: Beverly Hills, California
- Current Employer: Morgan Stanley
- Previous Firms: Stifel, Nicolaus & Company, Incorporated and Stone & Youngberg LLC
- Number of Known Customer Complaints: 4
- Can Gregory Sain Be Sued: Yes, in Private Arbitration
- Can Gregory Sain’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $700,000
- Highest Settlement: $58,500
If you have suffered investment losses by Gregory Sain, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a churning 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 Sain For Broker Misconduct
As of this publication date, Gregory Sain has been the subject of 4 customer disputes. Let’s review them below.
In July 2023, a FINRA arbitration was filed against or in reference to Gregory Sain by multiple customers of Stifel, Nicolaus & Company, Incorporated alleging that the investments strategy executed in their account was unsuitable. As of this publication date, this claim remains pending.
In March 2023, a complaint was filed against or in reference to Gregory Sain by a customer of Stifel, Nicolaus & Company, Incorporated alleging that Mr. Sain recommended positions that were not in line with the customers’ risk profile or instructions. On June 13, 2023, Mr. Sain settled the claim for $26,250, and some or all of this amount may have been paid by Mr. Sain’s employer and/or insurance carrier.
In April 2016, a complaint was filed against or in reference to Gregory Sain by a customer of Stifel, Nicolaus & Company, Incorporated alleging that Mr. Sain’s recommendation to purchase a preferred security on April 10, 2014 was out of the scope of client’s mandate to buy municipal bonds.
In September 2005, a NASD arbitration was filed against or in reference to Gregory Sain by a customer of Stone & Youngberg LLC alleging suitability of transactions. Per the customer, he/she lost over $700,000 because of Mr. Sain’s actions. On May 24, 2007, Mr. Sain settled the claim for $58,500, and some or all of this amount may have been paid by Mr. Sain’s employer and/or insurance carrier.
How To File A Claim Against Gregory Sain of Morgan Stanley (previously with Stifel, Nicolaus & Company, Incorporated and Stone & Youngberg LLC) To Get Your Money Back
If you have questions about Gregory Sain, Morgan Stanley, Stifel, Nicolaus & Company, Incorporated, Stone & Youngberg LLC, 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.