Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gregory Hersch (Hersch), previously associated with Old City Securities LLC, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Hersch recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $75,000.00 on May 07, 2024.
In response to Florence Capital Advisors, LLC’s (‘FCA’) claim for fees of approximately $6.9 million filed by FCA against the Linden West Trust (‘Client’), the Client asserted a counter claim against FCA and a third-party claim against FCA’s principal, Gregory Hersch. These claims, which had not been asserted prior to FCA’s filing suit, were for alleged breach of fiduciary duty, fraud, and breach of contract, among other allegations, stemming from the client’s investment in FF Fund I during the period from February 2016 to December 2020.