Silver Law Group is investigating former Locust, North Carolina-based LPL Financial LLC (CRD# 6413) broker Sherman L. Greer(CRD# 4910464) after FINRA permanently barred him.
According to Greer’s FINRA BrokerCheck report, FINRA permanently barred Greer in November 2016 from acting as a broker or otherwise associating with firms that sell securities to the public after Greer failed to respond to FINRA’s request for information.
Prior to FINRA’s bar, LPL Financial discharged Greer in May 2016 after he failed to respond to inquiries from LPL Financial’s compliance department.
In January 2015, Greer was charged with a felony charge of offering bribes and a felony charge of possession of cocaine. The charges were dismissed.
LPL Financial has employed Greer since December 2011 in its Locust, North Carolina branch.
A FINRA inquiry letter is sent to a broker or brokerage firm when FINRA is requesting information about (1) a new disclosure; (2) an update of the status for a previously reported disclosure event; or (3) documentation regarding a disclosure event or potential disclosure event.
The letter does not trigger a firm or broker’s reporting obligation but instead serves as a reminder that a required Form U4 Amendment, or supplemental information, must be filed or provided to FINRA staff. If a broker fails to respond, FINRA can bar the broker like in this instance.
FINRA arbitration is a fast, efficient way to recover your lost investment funds. We work on a contingency fee basis, meaning you pay us nothing unless we win and recover money for you.
If you have invested with Sherman L. Greer and LPL Financial and have lost money doing so, you may be able to recover some or all of your losses. Our lawyers are experienced in recovering investor losses due to broker and brokerage firm misconduct through FINRA arbitration.
Silver Law Group represents the interests of investors who have been the victims of investment fraud. If you have questions about your legal rights, please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll free at (800) 975-4345.