Gregory Foster Allegedly Failed to Promptly File Client’s Form 144

Gregory Foster (CRD #: 1532735), a broker registered with UBS Financial Services, is involved in a pending investor dispute, according to his BrokerCheck record, accessed on May 25, 2023. If you want to know more about his alleged conduct as a broker, read on.

Investor Disputes

On March 27, 2023, an investor alleged that Gregory Foster failed to promptly file a required Form 144, resulting in the cancellation of the client’s trade and a loss for the client. This misconduct allegedly occurred between February 22 and March 9, 2023.

The investor seeks $300,000 in damages in this pending dispute.

On March 20, 2020, an investor alleged that Gregory Foster failed to execute his liquidation instructions between March 17 and 19, 2020. The client sought $575,000 and received a settlement of $466,625.37.

Securities Act of 1933

Rule 144(h) of the Securities Act of 1933 defines the conditions under which issuers must file a Form 144 with the SEC disclosing the sale of restricted or control securities by persons who are not underwriters.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 5310

FINRA Rule 5310 requires brokers to execute clients’ transactions according to their instructions and in a timely manner.

Background Information

Gregory Foster has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 66 – Uniform Combined State Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 31 – Futures Managed Funds Examination
• Series 7 – General Securities Representative Examination
• Series 3 – National Commodity Futures Examination

Gregory Foster is a registered broker in 26 states and a registered investment adviser in Minnesota, Texas, and Wisconsin.

He has also worked for the following firms:

• RBC Capital Markets (CRD#:31194)
• Dain Rauscher (CRD#:7600)
• Smith Barney (CRD#:7059)
• Drexel Burnham Lambert (CRD#:7323)

Kurta Law Can Help

If you worked with Gregory Foster and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.