Advisor Alert: Our Attorneys Are Investigating James Gregory McKinney For Investment Fraud
Did You Lose Money Because of Greg McKinney?
Filed: November 15, 2023
Greg McKinney (also known as James Gregory McKinney) currently has three (3) pending customer complaints. Overall, he has been the subject of one (1) regulatory event, three (3) judgment/lien events, and eight (8) 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 Greg McKinney.
Who Is James Gregory McKinney?
- Advisor Name: James Gregory McKinney
- Aliases: Greg McKinney
- CRD: 2100850
- Location: Tulsa, Oklahoma
- Current Employer: No Longer Allowed to Practice in the Securities Industry
- Previous Firms: Cetera Advisors LLC and Securian Financial Services, Inc.
- Number of Known Customer Complaints: 8
- Number of Known Regulatory Events: 1
- Number of Known Judgment/Lien Events: 3
- Can Greg McKinney Be Sued: Yes, in Private Arbitration
- Can Greg McKinney’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,000,000
- Highest Settlement: $400,000
If you have suffered investment losses by Greg McKinney, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud 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 Greg McKinney For Broker Misconduct
As of this publication date, Greg McKinney has been the subject of 1 regulatory event, 3 judgment/lien events, and 8 customer disputes. Let’s review them below.
In October 2021, a FINRA arbitration was filed against or in reference to Greg McKinney by a customer of Cetera Advisors LLC alleging unsuitable investment recommendations. Per the customer, he/she lost over $1,000,000 because of Mr. McKinney’s actions. On March 15, 2023, Mr. McKinney settled the claim for $400,000, and some or all of this amount may have been paid by Mr. McKinney’s employer and/or insurance carrier.
In November 2020, a complaint was filed against or in reference to Greg McKinney by a customer of Cetera Advisors LLC alleging unsuitable investment recommendations. On October 21, 2021, Mr. McKinney settled the claim for $30,000, and some or all of this amount may have been paid by Mr. McKinney’s employer and/or insurance carrier.
In September 2020, a complaint was filed against or in reference to Greg McKinney by multiple customers of Cetera Advisors LLC alleging unsuitable investment recommendations. Per the customer, he/she lost over $500,000 because of Mr. McKinney’s actions. On October 21, 2021, Mr. McKinney settled the claim for $147,500, and some or all of this amount may have been paid by Mr. McKinney’s employer and/or insurance carrier.
In March 2020, a complaint was filed against or in reference to Greg McKinney by a customer of Cetera Advisors LLC alleging that Mr. McKinney misrepresented REIT investments and made securities recommendations to generate commissions from 2013 through 2019. On June 19, 2020, Mr. McKinney settled the claim for $29,593, and some or all of this amount may have been paid by Mr. McKinney’s employer and/or insurance carrier.
In March 2020, a complaint was filed against or in reference to Greg McKinney by a customer of Cetera Advisors LLC alleging violation of common law fraud, breach of fiduciary duty, and negligence. Per the customer, he/she lost over $500,000 because of Mr. McKinney’s actions. On October 21, 2021, Mr. McKinney settled the claim for $85,000, and some or all of this amount may have been paid by Mr. McKinney’s employer and/or insurance carrier.
In November 2019, FINRA initiated a regulatory action against or in reference to Greg McKinney for being named a respondent in a FINRA complaint alleging that he failed to comply with FINRA requests for information, documents and on-the-record testimony in connection with an investigation of him for possible violations of FINRA rules.
In February 2018, Greg McKinney was the subject of a civil judgment or lien in the amount of $22,695. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In June 2017, Greg McKinney was the subject of a civil judgment or lien in the amount of $622,351. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In May 2016, a complaint was filed against or in reference to Greg McKinney by a customer of Cetera Advisors alleging that the liquidation and subsequent reinvestment of his 457 plan was not in his best interest. Per the customer, he/she lost over $56,370 because of Mr. McKinney’s actions.
In August 2013, a complaint was filed against or in reference to Greg McKinney by multiple customers of Cetera Advisors alleging that the clients’ life and annuity contracts were moved without their knowledge. Per the customer, he/she lost over $5,100 because of Mr. McKinney’s actions.
In September 2012, Greg McKinney was the subject of a civil judgment or lien in the amount of $32,587. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In August 2005, a complaint was filed against or in reference to Greg McKinney by a customer of Securian Financial Services, Inc. alleging that annuities were unsuitable and recommendation to liquidate stocks & purchase annuities caused the client to owe large amounts in taxes. Per the customer, he/she lost over $292,000 because of Mr. McKinney’s actions.
How To File A Claim Against Greg McKinney (previously with Cetera Advisors LLC and Securian Financial Services, Inc.) To Get Your Money Back.
If you have questions about Greg McKinney, Cetera Advisors LLC, Securian Financial Services, Inc., 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.