Erez Law is currently investigating Dempsey Lord Smith, LLC broker Gregory Gibson (CRD# 1694647) regarding direct investment losses. He has been registered with Dempsey Lord Smith, LLC in Greenville, South Carolina, since 2012.
In October 1988, Prudential Insurance Company sanctioned him to pay a $250 fine related to allegations that he failed to “properly detail a public disorderly conduct event of 1985 on my application for insurance to the state of South Carolina insurance department and the fine resulting thereof.”
In June 1993, Prudential Insurance Company sanctioned him to pay a $500 fine related to the following: “I had worked for Prudential Insurance Company for 4 1/2 years and left for employment with Consolidated Planning, Inc. I replaced three Prudential policies without filing out the proper replacement forms. The insurance Dept. of South Carolina was notified and subsequently fined me $500.00 (attached is the letter from the S.C. Dept. of Insurance).”
Gregory Gibson Customer Complaints
He has been the subject of three customer complaints between 2022 and 2024, according to his CRD report:
April 2024. “Unsuitable recommendations, negligence, misrepresentation and omissions of material facts, and breach of fiduciary duty.” The customer is seeking $106,000 in damages, and the case is currently pending. The case was regarding direct investment losses.
April 2023. “Unsuitable recommendations, negligence, misrepresentation and omissions of material facts, and breach of fiduciary duty.” The case was settled for $250,000. The case was regarding direct investment losses.
September 2022. “Unsuitable investment recommendations and misrepresenting investments.” The case was settled for $102,663. The case was regarding direct investment losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Dempsey Lord Smith, LLC may be liable for investment or other losses suffered by Gregory Gibson’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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