Gregory John Lane of Belleville Illinois a stockbroker formerly employed by Raymond James Associates Inc. has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity founded on accusations of the stockbroker neglecting to provide recorded testimony or documentation to FINRA personnel during the time that he was under investigation in regard to his termination from Raymond James Associates Inc. Letter of Acceptance Waiver and Consent No. 2018058362501 (June 27, 2019).
Raymond James terminated Lane’s registration on April 2, 2018 based upon allegations that trust assets were used by the stockbroker without authorization from the trust. The securities broker dealer alleged that Lane specifically failed to follow the terms of the trust in regard to real property transactions and distributions.
FINRA Public Disclosure reveals that Lane is additionally referenced in a customer initiated investment related arbitration claim which has been resolved for $30,000.00 in damages based upon accusations that false statements were made by the stockbroker about variable annuities, and an inappropriate annuity had been sold to the customer by Lane when he was associated with Morgan Keegan Company LLC.
