FINRA Suspends Broker Gregory Taylor

This Morgan Stanley broker in Texas has been suspended by the Financial Industry Regulatory Authority

According to the Financial Industry Regulatory Authority (FINRA), Texas broker Gregory Taylor engaged in unethical conduct with an elderly customer who was suffering from dementia and he has subsequently been suspended.

Taylor’s career in the securities industry began in 1986 when he worked for Fidelity Brokerage Services in Smithfield, Rhode Island. Since then, he has been a member of various firms, including, most recently, Morgan Stanley in Dallas, Texas. He was also associated with Citigroup Global Markets in Salinas, California, E*Trade Securities in Palo Alto, California, and Charles Schwab and Company in Phoenix, Arizona.

The complaint against him alleges that Taylor was named as the beneficiary of the customer’s bank accounts and was also named the executor of her estate, which amounts to about $2 million in assets. Taylor allegedly was also given power of attorney and accepted a cash gift, which are prohibited by his firm’s policies and procedures.

FINRA states that his acceptance of a fiduciary appointment from a non-family member was unauthorized and that Taylor denied accepting any prohibited gifts from his customer in a compliance questionnaire requested from his firm.

Did you ever trust Gregory Taylor with your finances? If you did and lost money as a result of this relationship, you may be able to recover some or all of your losses through securities arbitration. To learn more about the allegations against him, you can review Taylor’s BrokerCheck report, a complimentary service provided by FINRA.

The attorneys at Silver Law Group are leaders in the field of securities arbitration. We represent individual and institutional investors across the United States who have lost money at the hands of a trusted financial advisor. Our services are provided on a contingency-fee basis, which means we are only compensated if there is a recovery of losses. For more information, contact us for a complimentary consultation.