GREGORY BLAIR FITZPATRICK

GREGORY BLAIR FITZPATRICK is currently employed as a Broker and/or Investment Adviser at PFS INVESTMENTS INC. located at 441 S STATE ROAD 7, STE 11, MARGATE, FL, 33068.

GREGORY BLAIR FITZPATRICK has worked at PFS INVESTMENTS INC. since January 14, 1982

Disclosure History

GREGORY BLAIR FITZPATRICK has 3 Disclosure Event(s).

Date: July 12, 2013
Category: Financial
Type: Compromise
Disposition: SHORT SALE

Date: April 03, 2013
Category: Customer Dispute
Allegations: THE ARBITRATION ARISES FROM CLAIMANTS' SELECTION OF ONE OF THE ALTERNATIVE BENEFIT PLAN OPTIONS OFFERED BY A STATE OF FLORIDA-SPONSORED EMPLOYEE RETIREMENT PLAN. PFSI PLAYS NO ROLE IN THE ADMINISTRATION OF THE EMPLOYEE BENEFIT PLAN AND NO PFSI ACCOUNT, PRODUCT OR TRANACTION IS AT ISSUE IN THE ARBITRATION. THERE IS NO ALLEGATION THAT MR. FITZPATRICK EVER MET WITH, SPOKE TO, OR HAD ANY CONTACT WHATSOEVER WITH THE CLAIMANTS.
Settlement Amount: $105,997.00
Broker Comment: MR. FITZPATRICK IS NOT NAMED AS A RESPONDENT IN THIS ARBITRATION AND IT DOES NOT ALLEGE ANY CONTACT BETWEEN MR. FITZPATRICK AND THE CLAIMANT. INSTEAD, THE CLIAM ASSERTS MERELY THAT MR. FITZPATRICK WAS INVOLVED IN SOME GENERALIZED STRATEGY RELATING TO NUMEROUS PUBLIC EMPLOYEES IN FLORIDA. THE COOKIE-CUTTER CLAIMS ASSERTED HERE WERE FILED BY A CLAIMANTS' LAW FIRM THAT CONDUCTED A MASSIVE SOLICITATION CAMPAIGN SEEKING TO ENCOURAGE OTHERS TO BRING SIMILAR CLAIMS AGAINST PFSI AND ITS REPRESENTATIVES. THE CLAIMANT'S LAWYERS HAVE INDICATED THEY MAY ASSERT SIMILAR GENERALIZED CLAIMS MENTIONING MR. FITZPATRICK IN COMPLAINTS ASSERTED BY OTHER CLIENTS OF THE LAW FIRM. PFSI WILL AMEND THIS DRP FORM TO REFLECT OTHER SUCH FILINGS AS APPROPRIATE. THE SAME LAW FIRM HAS FILED 3 MORE SIMILAR COOKIE-CUTTER FINRA ARBITRATIONS, WHICH DO NOT NAME MR. FITZPATRICK AS A RESPONDENT BUT MENTION HIS NAME IN CONNECTION WITH IDENTICAL ALLEGATIONS OF SPEARHEADING A MARKETING CAMPAIGN TO FRS PARTICIPANTS. THE 3 ARBITRATIONS ARE AS FOLLOWS: NO. 13-01598 - SERVED ON JUNE 11, 2013; NO. 13-01640 -SERVED ON JUNE 13, 2013; AND NO. 13-01641 - SERVED ON JUNE 17, 2013.A LAW FIRM BROUGHT A NUMBER OF COOKIE-CUTTER CASES AGAINST PFS INVESTMENTS, INC. (PFSI), AND SEVERAL OF ITS REGISTERED REPRESENTATIVES, THAT PFSI BELIEVES WERE SPECIOUS AND BARRED BY THE APPLICABLE STATUE OF LIMITATIONS, INCLUDING THIS ONE AGAINST ME. AFTER WINNING SEVERAL COURT CASES ON STATUTE OF LIMITATIONS ISSUES, TO AVOID INCURRING ENORMOUS LEGAL FEES AND COST TO DEFEND THE REST OF THE ARBITATION AND COURT CASES TO A SUCCESSFUL CONCLUSION, PFSI SETTLED WITH ALL THE REMAINING CLAIMANTS AND I WAS NOT REQUIRED TO CONTRIBUTE TO THE SETTLEMENT. THE SETTLEMENT BENEFITS ARE IN THE NATURE OF DEFERRED MONTHLY PAYMENTS THAT BEGIN IN 2024.

Date: January 07, 1998
Category: Customer Dispute
Allegations: THE CUSTOMER ALLEGED THAT EITHER I, OR SOMEONEON MY STAFF, TOLD HER THAT SHE HAD 6 MONTHS INSTEAD OF 60 DAYSTO REPLACE MONEY SHE WITHDREW FROM HER IRA, CAUSING HER TOINCUR TAXES AND PENALTIES ON THE EARLY WITHDRAWAL; THE CUSTOMER ALLEGED DAMAGES OF APPROXIMATELY $17,000.00.
Damage Amount Requested: $17,000.00
Settlement Amount: $6,572.00
Broker Comment: PFS INVESTMENTS, INC. SETTLED THE CUSTOMER'S COMPLAINT BY PAYING HER $6,572.00.NEITHER I, NOR ANYONE ON MY STAFF, TOLD THE CUSTOMER THAT SHE HAD 6 MONTHS TO REPLACE MONEY WITHDRAWN FROM ANIRA. THE 60-DAY RULE IS KNOWN BY MY STAFF AND IS GENERALLYKNOWN AMONG THE PUBLIC AS WELL.

More Information

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