BrokerSearch

BrokerSearch

GREGG EUGENE SAUTTER

GREGG EUGENE SAUTTER is currently employed as a Broker and/or Investment Adviser at SECURITIES AMERICA, INC. located at 1008 SOUTH AVE. W., MISSOULA, MT, 59801.

GREGG EUGENE SAUTTER has worked at SECURITIES AMERICA, INC. since March 04, 1998

Disclosure History

GREGG EUGENE SAUTTER has 4 Disclosure Event(s).

Date: August 04, 2010
Category: Regulatory
Initiated By: MONTANA
Allegations: FRAUDULENT AND UNETHICAL PRACTICE OF RECOMMENDING UNSUITABLE INVESTMENTS TO CLIENTS.
Resolution: Order
Sanctions: $10,000 FINE. HEIGHTENED SUPERVISION.
Broker Comment: THE REPRESENTATIVE CONTESTS ALL ALLEGATIONS OF WRONGDOING AND WILL SEEK DISMISSAL OF THE ACTION. 04/05/12: SIMULTANEOUSLY WITH THE CONSENT AGREEMENT AND FINAL ORDER, THE REPRESENTATIVE WAS DISMISSED FROM THIS ACTION WITH PREJUDICE.

Date: June 24, 2010
Category: Customer Dispute
Allegations: IN CONNECTION WITH THE RECOMMENDATION AND SALE OF MEDICAL CAPITAL, CLAIMANT ALLEGES UNSUITABILITY, OVERCONCENTRATION AND NEGLIGENCE.
Damage Amount Requested: $150,000.00
Settlement Amount: $77,129.11
Broker Comment: GREGG SAUTTER IS NOT A NAMED RESPONDENT IN THIS MATTER. 10/13/2011: THE PORTION OF THIS CLAIM RELATING TO MEDICAL CAPITAL WAS PART OF A GLOBAL SETTLEMENT BY SECURITIES AMERICA, INC. CLAIMS RELATING TO ADDITIONAL PRODUCTS CONTINUE AT THIS TIME. 04/25/2012: SECURITIES AMERICA SETTLED ALL REMAINING CLAIMS FOR $7,500. THIS MATTER IS NOW CONCLUDED. THE REPRESENTATIVE WAS NOT ASKED TO, NOR DID HE, CONTRIBUTE TO EITHER SETTLEMENT.

Date: February 16, 2010
Category: Customer Dispute
Allegations: CLIENT IS ALLEGING VIOLATIONS OF THE MONTANA SECURITIES ACT, NEGLIGENCE, FRAUDULENT MISREPRESENTATION, FRAUD AND DECEIT, CONSTRUCTIVE FRAUD, UNJUST ENRICHMENT.
Damage Amount Requested: $200,000.00
Settlement Amount: $49,212.46
Broker Comment: THIS CLAIM WAS PART OF A GLOBAL SETTLEMENT BY SECURITIES AMERICA, INC. GREGG SAUTTER WAS NOT ASKED TO, NOR DID HE, CONTRIBUTE TO THIS SETTLEMENT.

Date: August 09, 2000
Category: Customer Dispute
Allegations: CLAIMANTS (DECEASED'S NATURAL FATHER AND STEP-MOTHER) ALLEGE THEY ARE ENTITLED TO 100% NET DEATH BENEFIT($90,000) VERSUS ONLY 50% ($45,000) IF BENEFICIARY IS THE ESTATE OF DECEASED SON, [FAMILY MEMBER] (THE OTHER 50% TO NATURAL MOTHER). THE BENEFICIARIES AS LISTED ON ORIGINAL APPLICATION WERE [CUSTOMER] (NATURAL FATHER) AND/OR [CUSTOMER] (STEPMOTHER). HOWEVER, WITHOUT CLAIMANTS' OR REPRESENTATIVE'S KNOWLEDGE, NEW ENGLAND LIFE CHANGED BENEFICIARY TO CUSTODIAN/UTMA (DECEASED'S NATURAL MOTHER & NATURAL FATHER).
Damage Amount Requested: $45,000.00
Settlement Amount: $61,590.09
Broker Comment: NEW ENGLAND LIFE (NEL) SETTLED THIS MATTER WITH CLAIMANTS. REPRESENTATIVE DID NOT CONTRIBUTE TO THIS SETTLEMENT. LITIGATION WAS DISMISSED PURSUANT TO SETTLEMENT AGREEMENT.

More Information

All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.

A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

To view the full report for GREGG EUGENE SAUTTER, click here.

The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.

How to choose a broker or investment adviser. Learn More