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Michael McGregor Suspended for 45 Days, Fined $5000

Currently employed by and registered with Blackbook Capital, LLC

Michael McGregor

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.

These days, many investors suffer financial losses at the hands of financial advisors and investment brokers with less-than-perfect track records. Many investors are unaware of their rights when it comes to such losses. If you are one of these investors, you may be able to recover your losses through securities arbitration.

To help you in this situation, you’ll need a securities fraud attorney with proven expertise in recovering lost funds.

With Silver Law Group you’ll find experienced securities attorneys committed to helping recover investment losses due to stockbroker misconduct. With lawyers admitted to practices in New York and Florida – representing investors nationwide – you can expect a complimentary consultation and a case handled on a contingent fee basis, meaning you don’t pay legal fees unless Silver Law Group is successful. Contact us today to schedule your free consultation and discuss your legal rights.

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