Securities Lawyers Blog

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gregory Theis (Theis), currently associated with Usa Financial Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Theis recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $5,000.00 on March 17, 2021.

Plaintiff’s are related to Mr. Theis by marriage. They are the children of Mr. Theis’ uncle’s second wife. Mr. Theis’ uncle and his wife were married for decades and at all times, Mr. Theis stated that they indicated they wanted to name each other as beneficiaries of the other’s assets. Mr. Theis’ aunt passed away in the fall of 2020 and her Plaintiff children allege that Mr. Theis, along with his cousin and 90-year-old uncle who had suffered a [REDACTED], conspired to retain assets that should have belonged to Plaintiffs by assisting husband and wife in naming each as beneficiaries. Plaintiffs also allegedly discovered a trust that Mr. Theis’ uncle and aunt had drawn up over a decade before her passing that was never disclosed to Mr. Theis and never funded by his uncle and aunt. Mr. Theis states that the trust document was only fully provided to him as part of the complaint filing – documents that had been provided to him shortly before the complaint was filed had been redacted ad pages were missing. According to the complaint, Mr. Theis and the other defendants engaged in this conspiracy to divert funds away from the undisclosed and previously unknown trust to prevent Plaintiffs from receiving it.