Kenneth Edward Greer Jr. of Acton Massachusetts a stockbroker formerly employed by Liberty Tree Advisors LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Greer partook in undisclosed outside business activities. Letter of Acceptance Waiver and Consent No. 2016049134902 (Sept. 25, 2018).
According to the AWC, Liberty Tree was notified by Greer that Greer planned to be an investment fund manager. Greer’s plans reportedly included focusing on the cannabis industry and making real estate investments. Apparently, Greer’s request had been approved.
The AWC stated that Greer reportedly created three more legal companies in 2016 in order to purchase and maintain real estate on the investment fund’s behalf. Greer also reportedly established the entities so that they could provide managerial services to the fund’s purchased properties. Evidently, the articles of incorporation for establishing the entities had been signed by Greer and he planned to be paid as principal of those companies and for handling management duties.
The AWC revealed that between January 2016 and October 2016, during which time Greer was registered with Liberty Tree, he managed those entities and received compensation accordingly. All the while, Greer never informed Liberty Tree about his involvement with any of the three entities. FINRA found Greer’s conduct violative of FINRA Rule 2010 and 3270.
Greer’s registration with Liberty Tree Advisors LLC has been terminated as of October 20, 2016.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
