Gregg D. Templeton, of New York, New York, a stockbroker formerly registered with Oppenheimer & Co. Inc., was named in a customer initiated investment related arbitration claim on December 20, 2016, which settled for $562,500.00 in damages based upon allegations that from July 1, 2010 to March 31, 2015, Templeton misappropriated the customer’s funds, effected unsuitable promissory note and penny stock investments in the customer’s account, breached his contractual and fiduciary obligations, and committed fraud. The customer additionally claimed that Oppenheimer & Co. Inc. was negligent in the hiring and supervision of Templeton’s activities.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Templeton has been identified in six additional customer initiated investment related disputes pertaining to allegations of Templeton’s misconduct while employed with Oppenheimer & Co. Inc., Morgan Stanley DW Inc., and GKN Securities Corp. Particularly, on September 23, 1997, a customer was awarded $6,000.00 in damages according to an investment related arbitration claim regarding Templeton’s activities, based upon allegations that Templeton breached his fiduciary obligations, made fraudulent omissions to the customer regarding investments, and failed to sell the customer’s holdings when instructed.
Subsequently, on February 16, 1999, a customer filed an investment related written complaint involving Templeton’s conduct, wherein the customer requested $5,000.00 in damages based upon allegations that Templeton made misrepresentations to the customer and effected unsuitable transactions in the customer’s account concerning the purchase of USCI Inc. common stock. On March 24, 2003, another customer initiated investment related complaint regarding Templeton’s activities was settled for $5,575.91 in damages based upon allegations that Templeton effected corporate debt transactions in the customer’s account which were not suitable.
Additionally, on December 2, 2015, a customer initiated investment related written complaint pertaining to Templeton’s conduct was settled for $45,000.00 in damages based upon allegations that Templeton effected unauthorized equity transactions in the customer’s account. On January 20, 2016, another customer filed an investment related arbitration claim involving Templeton’s conduct, in which the customer requested $6,750,000.00 in damages based upon allegations that Templeton breached his contractual obligations to the customer and committed fraud in connection with over-the-counter equity transactions.
Templeton has also been named in a customer initiated investment related oral complaint, which settled on July 19, 2016 for $61,475.00 in damages based upon allegations that Templeton effected equity trades in the customer’s account that were not authorized.
Templeton’s registration with Oppenheimer & Co. Inc. ended on August 28, 2015. From September 28, 2015 to January 26, 2016, Templeton was registered with FSC Securities Corporation. From January 28, 2016 to March 4, 2016, Templeton was registered with Aegis Capital Corp.
Guiliano Law Group
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