Michael McGregor Suspended for 45 Days, Fined $5000

Currently employed by and registered with Blackbook Capital, LLC

Since 1997, Michael Anthony McGregor has been registered with FINRA as a General Securities Representative (GSR). Through the years, McGregor has been subject to judgments and liens that have not been properly reported. By not reporting them, Michael McGregor is in violation of FINRA’s By-Laws and now he’s facing FINRA sanctions.

In March 2015, Michael McGregor was handed a 45-day suspension and fined $5,000 by FINRA for allegedly failing to amend and timely amend his FINRA registration to reflect unsatisfied judgments and liens he received. Without admitting or denying the findings, McGregor consented to the sanctions and to the entry of the findings.

According to the FINRA disciplinary action website, McGregor has at least six judgments and/or liens filed against him. These filings date back to as early as 2006, and one includes a Federal Tax Lien by the IRS in upwards of $74,000. Per FINRA By-Laws, associated persons are to keep their information “current at all times” and that amendments be filed “not later than 30 days after learning of the facts or circumstances giving rise to the amendment.” Apparently, McGregor failed to do so, and is now subject to suspension and fine.

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