Gregory Scott Hanshew (also known as Greg Scott Hanshew), a stockbroker formerly registered with Infinity Financial Services, has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Hanshew failed to cooperate in a FINRA investigation after being asked to provide documents and information to the regulator. Department of Enforcement v. Gregory Scott Hanshew Disciplinary Proceeding No. 2021071060902 (March 15, 2022).
According to the Complaint, on June 11, 2020, FINRA received word from Infinity Financial Services that Hanshew’s registration as a stockbroker was terminated. By February 2021, FINRA opened an investigation into Hanshew’s activities to see if he engaged in sales practice violations affecting elderly investors. The regulator also wanted to determine if Hanshew failed to disclose outside business activities during the time that he was associated with Infinity Financial Services.
FINRA states that on April 21, 2021, Hanshew was asked by FINRA to provide information and documents. Hanshew was supposed to provide tax returns, financial accounts, investor communications, lending arrangements with customers, and any of Hanshew’s receipts or distributions of funds. The complaint states that Hanshew was supposed to respond on May 6, 2021. Hanshew failed to respond.
On September 14, 2021, Hanshew was sent a letter that notified him about being suspended as a stockbroker unless Hanshew were to comply with FINRA’s requests. Hanshew was sent a notice of suspension on October 8, 2021, which indicated that Hanshew was going to be barred unless he sought the termination of his suspension by complying with FINRA’s request. Hanshew provided an incomplete response to FINRA on November 15, 2021, but that response did not address all of FINRA’s requested information and documents.
According to the Complaint, FINRA made more attempts to contact Hanshew regarding the outstanding information. Hanshew allegedly failed to respond, violating FINRA Rules 2010 and 8210.
FINRA Public Disclosure additionally shows that a customer filed an investment related complaint concerning Hanshew’s conduct where the customer sought compensatory damages based upon accusations of Hanshew’s unauthorized transactions concerning a Jackson National variable annuity when Hanshew was registered with Infinity Financial Services.
Hanshew was registered with Infinity Financial Services between August 8, 2014, and May 3, 2016, and again between January 13, 2017, and June 11, 2020.
