Broker Stephen Gregory Whitman (also known as Steve Whitman) was reportedly barred for failure to provide information and documents requested by FINRA in connection with an investigation into whether he accepted a loan from a customer, according to an OHO Decision disclosed on his FINRA Brokercheck Report. The circumstances surrounding Whitman’s sanction are under review by investment attorney, Alan Rosca and his team.
Investors who are concerned about investments with former broker Stephen Whitman may contact Alan Rosca or his colleagues for a free case evaluation or to provide any helpful information by calling 888-998-0530 toll free, emailing arosca@rscounsel.law, or may use the contact form provided on our webpage.
Stephen Whitman Has Been the Subject of a FINRA Regulatory Dispute
According to his Brokercheck report, Stephen Whitman has been the subject of a regulatory complaint since March 2022, when he allegedly failed to respond to FINRA’s request for information and documents. According to the complaint, FINRA’s investigation was prompted by Whitman’s termination from Oppenheimer that was allegedly in connection to a customer complaint. The customer alleged that Steve Whitman accepted a loan from the customer and failed to fully repay it, the complaint adds.
Whitman’s Brokercheck Report further reveals that the customer reportedly “clarified that he provided money to Whitman for a private investment away from the firm and was only paid a small percentage back.”
As a result of Whitman’s reported failure to comply with FINRA’s requests, a default decision was entered in July 2022, barring Steve Whitman from acting as a broker.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any Brokercheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog. Readers interested to learn more are encouraged to read the Brokercheck report or contact the Rosca Scarlato investor lawyers.
Stephen Gregory Whitman Has Been a Registered Broker Since 1992
According to his Brokercheck, Stephen G. Whitman reportedly was most recently employed as a broker with Oppenheimer & Co., located in Chesterfield, MO, from 2007 to 2021.
Whitman served as a broker for Edward Jones, in Chesterfield, MO, from 2004 to 2007. From 1999 to 2001, Whitman was employed as a broker by Prudential Securities Inc, located in New York, New York. Stephen Whitman was a broker for Edward Jones, located in St. Louis, MO, from 1995 to 1999. From 1992 to 1995, Whitman served as a broker for American Express Financial Advisors Inc, located in Minneapolis, MN.
Concerned Whitman Investors May Have Claims for Compensation
The Rosca Scarlato LLC law firm represents individuals who lose money as a result of investment-related fraud or misconduct and is currently investigating circumstances surrounding broker Stephen Gregory Whitman’s alleged acceptance of a loan from a customer without his firm’s knowledge.
Rosca Scarlato LLC law firm represents on a contingency fee basis. This means it advances the case costs and expenses and only gets paid from the compensation received by clients. Attorney Alan Rosca, an investment lawyer and sometimes adjunct professor of securities regulation, has over 14 years of experience representing clients in cases alleging broker misconduct.
Individuals who are concerned about investments with Stephen Whitman may contact attorney Alan Rosca for a free no-obligation consultation by calling toll-free 888-998-0530, via email at arosca@rscounsel.law, or by using the contact form on our webpage.