Greg Vincent Scheibel, of Waynesboro, Virginia, a stockbroker currently registered with H. Beck, Inc., is the subject of a customer initiated investment related written complaint on February 15, 2016, in which the customer sought $110,000.00 in damages founded on allegations that an inappropriate investment strategy was utilized for the customer, leading the customer to incur account losses.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that a customer initiated investment related written complaint involving Scheibel’s conduct was settled for $4,159.00 in damages based upon accusations that while Scheibel was associated with Commonwealth Financial Network, he failed to fully apprise the customer about a variable annuity’s surrender charges, and caused the customer to incur an undue tax liability.
Scheibel has also been terminated from a prior brokerage firm, Securities Services Network, Inc., based upon allegations that he did not cooperate with the firm’s supervisory policies pertaining to outside business activities.
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