Howell Gregory Ferguson Investigation
February
2023 – Bellville, TX
The FINRA records of Howell Gregory Ferguson, an LPL broker, disclose a suspension and the settlement of a $58K customer dispute.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 2/2022, without admitting or denying the FINRA findings, Ferguson consented to the sanctions and to the entry of findings that he forged documents by signing a customer’s name without the customer’s prior permission. The findings stated that the forms were to reques required minimum distributions from annuities and Ferguson caused those forms to be submitted to the annuity companies. The findings also stated that after FINRA initiated an investigation of Ferguson’s conduct, he falsely denied signing the customer’s name in response to FINRA’s request for information from him about those emails. Ferguson recanted his false statements and admitted that he had signed the customer’s name without permission. Sanctions were a two year suspension and a $10,000 fine to be paid by Ferguson individually.
In 11/2021. FINRA case #21-02805, filed by an LPL customer, alleged that between February 2014 and November 2021, they were recommended two alternative investments that were unsuitable. The customers was paid $30,000 to resolve the matter in 1/2023.
Before his suspension, Ferguson had been with LPL Financial since 3/2010. Before that he was with Uvest Investment Services.
If you have questions about an account handled by Howell Gregory Ferguson, call for a no charge consultation with an experienced securities attorney .
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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