Stoltmann Law Offices is investigating Gregg Templeton, who is a broker at FSC Securities in New York. Templeton is accused of making unsuitable investment recommendations, failing to execute transactions and breaching contract, among other things. He allegedly solicited investments in a penny stock known as Adaptive Media in the amount of $10 million for which he received $3,700,000 while he was employed at Oppenheimer. This constitutes a private securities transaction, which is also known as “selling away” and is against securities rules and regulations. It is a tactic used to generated large commissions for the broker himself and is when the broker solicits securities that are not held or offered by his member firm.
Gregg Templeton was registered with Royce Investment Group in Woodbury, New York from October 1993 until January 1994, Gruntal & Co. in New York, New York from February 1994 until January 1996, State Capital Markets Corp in New York, New York from January 1996 until October 1996, First Metropolitan Securities Inc in New York, New York from October 1996 until November 1996, GKN Securities Corp in New York, New York from November 1996 until November 1998, Morgan Stanley in New York from December 1998 until June 2006 and Oppenheimer & Co. in New York from January 2007 until August 2015. He is currently registered with FSC Securities in New York and has been since September 2015. He has three customer disputes against him, according to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report.
If you or someone you know is a victim of selling away practices or invested and lost money with Gregg Templeton, his firm, FSC Securities, may be liable for investment losses because of their inability to supervise him. Please call our Chicago-based securities law offices at 312-332-4200 to speak to an attorney about your options. The call is free with no obligation. We sue firms such as FSC in the FINRA arbitration forum on a contingency fee basis only.