Mark Fallon Kregor of Louisville, Kentucky, a stockbroker formerly registered with Robert W. Baird Co. Incorporated, has been permitted to resign as a stockbroker on July 15, 2021, following a disciplinary action brought by Kentucky Department of Financial Institutions.
Kregor was fined $32,000.00 and suspended by the Kentucky regulator from doing securities business in the state founded on accusations that unsuitable investments, including business development companies and penny stocks, were recommended by Kregor during the time that Kregor was associated with JJB Hilliard WL Lyons LLC. According to the Order, Kregor violated Kentucky securities law by advising customers to buy risky investments when this went against customers’ objectives for investing.
The Kentucky Order states that Kregor caused customers collectively $2,806,644.00 in losses because of his unsuitable recommendations concerning risky investments, including penny stocks and BDCs. The regulator alleges that some customers’ accounts had been overconcentrated in alternative investments. Those investors maintained moderate risk tolerances – not high risk tolerances – at the time of Kregor’s trading.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Kregor has been identified in nine additional customer initiated investment related disputes containing accusations of Kregor’s activities while employed by JJB Hilliard WL Lyons and Robert W. Baird. On March 22, 2019, a customer initiated investment related civil action concerning Kregor’s conduct was resolved for $145,000.00 in damages based upon allegations of unsuitable stock trades by Kregor while he was registered with JJB Hilliard WL Lyons. Civil Action No. 17-CI-004521 (Mar. 22, 2019).
Kregor is identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $125,000.00 in damages and which contained allegations of the failure to supervise, unsuitable trading, and negligence relating to the sale of certain oil and gas securities, common stocks, preferred stocks, and over-the-counter equities transactions by Kregor when he was employed by JJB Hilliard WL Lyons LLC. FINRA Arbitration No. 18-02602 (February 20, 2019).
On February 19, 2021, another customer initiated investment related FINRA securities arbitration claim involving Kregor’s activities was resolved for $80,000.00 in damages founded on allegations of Kregor’s bad advice regarding over-the-counter equities for the customer’s Robert W. Baird Co. Inc. account. FINRA Arbitration No. 20-00389.
Kregor is also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $200,000.00 in damages on May 7, 2019, based upon accusations of unsuitable trading by Kregor as it relates to common and preferred stocks and oil and gas investments during the time that Kregor was associated with JJB Hilliard WL Lyons LLC.
On June 3, 2019, another customer initiated investment related FINRA securities arbitration claim regarding Kregor’s conduct was resolved for $87,500.00 in damages supported by allegations of unsuitable oil and gas securities transactions for the customer’s JJB Hilliard WL Lyons investment account. FINRA Arbitration No. 18-03128.
Kregor was registered with JJB Hilliard WL Lyons from November 15, 1993, to October 18, 2019, and Robert W. Baird between October 18, 2019, and August 10, 2021. Kregor has been employed by Stifel Nicolaus Company both as a stockbroker since August 11, 2021, and as an investment adviser representative since September 14, 2021.
