Steven Andrew Greer of Charlotte, North Carolina, a stockbroker formerly registered with GF Investment Services LLC, is identified in a customer initiated investment related civil lawsuit where the customer requested $25,000.00 in damages based upon allegations of unsuitable recommendations by Greer concerning direct participation programs, business development corporations, real estate securities, and fixed annuities during the time that Greer was associated with GF Investment Services LLC. Civil Action No. 22-CVS-1520 (February 24, 2022). The lawsuit alleges negligence, fraud, breach of fiduciary duty, and violation of North Carolina Securities Act.
FINRA Public Disclosure shows that Greer has been identified in two more customer initiated investment related disputes regarding accusations of his activities during the time that he was employed by GF Investment Services. On November 7, 2020, a customer filed an investment related complaint regarding Greer’s activities in which the customer sought $15,224.00 in damages founded on allegations of unsuitable recommendations by Greer concerning real estate securities, DPPs, and LPs when Greer was registered with GF Investment Services. The complaint also alleges that commissions were not disclosed on securities products.
On November 18, 2020, another customer filed an investment related complaint concerning Greer’s conduct where the customer requested more than $5,000.00 in damages supported by accusations that alternative investment recommendations were unsuitable and resulted in damages to the customer. The complaint alleges that Greer violated FINRA Rules 2111 and 2110 relating to his real estate security recommendations.
Greer was registered with GF Investment Services LLC between February 2, 2012, and April 17, 2019.
