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Gregory Thomas Dean was a registered broker with Worden Capital Management until 2019. In 2019, the SEC won a jury trial against Dean and Donald Fowler – they had been “charged in January 2017 with fraud for excessively trading customer accounts using a trading scheme that generated hefty commissions for the broker but significant losses for his customers.” Gregory Dean was also barred by FINRA in 2019.
Peiffer Wolf Carr Kane & Conway is currently investigating claims against Gregory Dean and his partner, Donald Fowler.
According to FINRA’s BrokerCheck website for Public Disclosures, Gregory Dean has been the subject of 19 disclosures. Some of the more notable disclosures are as follows:
- August 2019 – Regulatory – Barred by FINRA. Allegations include “churning and quantitatively unsuitable trading in the accounts of customers.”
- July 2019 – Customer Dispute – Pending. Allegations: “Negligence, unsuitability, breach of fiduciary duty, breach of contract, negligent misrepresentation and omissions.”
- June 2019 – Regulatory – Barred by the SEC.
- June 2019 – Employment Separation After Allegations – Discharged by Worden Capital Management. Allegations: “Individual is subject to a permanent bar.
- February 2019 – Customer Dispute. Settled for $19,999. Allegations: “Excessive Commission, Churning, and Unsuitable Transactions.”
- August 2017 – Customer Dispute. Settled for $60,000. Allegations: “Churning; unsuitability; breach of fiduciary duty; common law fraud; breach of contract; negligent supervision.”
- July 2017 – Customer Dispute. Settled for $55,000. Allegations: “Unsuitability and overconcentration; excessive trading and margin abuse; failure to supervise; breach of fiduciary duty; negligence; fraudulent misrepresentation; and, breach of contract.”
- January 2017 – Regulatory – Final. Initiates by the SEC. Allegations include: “fraudulently using an in-and-out trading strategy that was unsuitable for customers in order to generate hefty commissions.”
To review Gregroy Dean’s Broker Check report, click here:
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Brokercheck®️ report
Information about this broker was obtained from FINRA’s BrokerCheck on March 4, 2020. You should always review the broker’s BrokerCheck report for updated information. If you believe some of the content on this page does not reflect the report, contact us.
Gregory Dean Client?
Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their individual clients. Their broker-dealer (employing brokerage firm) has a legal obligation and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
Prior to Worden Capital Management, Gregory T. Dean had been registered with J.D. Nicholas & Associates, American Capital Partners, Metlife Securities and Metropolitan Life Insurance Company. FINRA maintains a database of investor complaints and disciplinary and employment history for registered representatives and publishes some of this information on its BrokerCheck website, www.brokercheck.finra.org.
FREE Consultation | 585-310-5140
If you believe you were a victim of investment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf Carr Kane & Conway has represented thousands of victims, and we remain committed to fighting on behalf of investors.
Peiffer Wolf Carr Kane & Conway is currently investigating Gregory Dean’s practices, as well as the products he recommended to individual investors. Concerns about possible broker misconduct and investment fraud are serious, and we are committed to fighting on behalf of investors. Contact Us Today for a FREE Consultation. 585-310-5140
