Gregory Thormann Pease of Hoboken New Jersey a stockbroker formerly employed by International Assets Advisory LLC is referenced in a customer initiated investment related complaint on April 3, 2019 in which the customer requested unspecified damages supported by accusations that (1) the customer was not provided adequate information from Pease concerning the fees charged on an investment strategy implemented for her account and (2) the customer’s assets were directed by Pease into exchange traded funds and annuity products that were in no way suitable for the customer given the customer’s objectives for investing.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Pease is referenced in nine more customer initiated investment related disputes pertaining to allegations of Pease’s violative conduct during the time that he was associated with securities broker dealers including Merrill Lynch Pierce Fenner Smith Inc., Morgan Stanley Smith Barney and Wells Fargo Advisors LLC. In particular, a customer initiated investment related arbitration claim involving Pease’s conduct was settled for $137,500.00 in damages founded on accusations of unauthorized trading and unsuitability relating to the equities held in the customer’s account while Pease was registered with Merrill Lynch.
Another customer initiated investment related complaint involving Pease’s activities was settled to resolve allegations that while Pease was associated with Morgan Stanley Smith Barney, Pease failed to execute transactions according to the customer’s investment guidelines. Thereafter, a customer initiated investment related complaint concerning Pease’s conduct was settled for $10,297.88 in damages based upon accusations that inappropriate trades were executed in the customer’s managed wrap accounts while Pease was associated with Wells Fargo Advisors LLC, and the customer had incurred unwarranted charges or fees pertaining to those investment accounts.
Subsequently, a customer filed an investment related arbitration claim concerning Pease’s conduct where the customer sought $4,500,000.00 in damages supported by allegations that between 2012 and 2016, while registered at Wells Fargo Clearing Services LLC, Pease gave the customer bad advice concerning the managers of the customer’s mutual fund holdings; and Pease churned the customer’s investment accounts. FINRA Arbitration No. 17-02578 (Oct. 31, 2017).
Pease is also the subject of a customer initiated investment related arbitration claim which was resolved for $255,000.00 in damages founded on accusations that while Pease was associated with Merrill Lynch Pierce Fenner Smith Inc.: (1) misrepresentations and omissions had been made to the customers concerning the terms and conditions of mutual fund and other equity products effected in their investment account and (2) the customers were provided bad investment advice concerning their investments. FINRA Arbitration No. 17-02764 (Apr. 22, 2019).
Pease’s registration with Wells Fargo Clearing Services LLC has been terminated as of January 3, 2017. From December 20, 2016 to December 31, 2017, Pease was associated with International Assets Advisory LLC.
