GREGORY GALE FULTON

GREGORY GALE FULTON is currently employed as a Broker and/or Investment Adviser at GVC CAPITAL LLC located at 5350 S. ROSLYN ST. SUITE 400, GREENWOOD VILLAGE, CO, 80111.

GREGORY GALE FULTON has worked at GVC CAPITAL LLC since February 28, 2002

Disclosure History

GREGORY GALE FULTON has 3 Disclosure Event(s).

Date: August 13, 2010
Category: Customer Dispute
Allegations: IN JUNE 2008, CLAIMANTS APPROACHED REP TO HEAR ABOUT ANY POSSIBLE 1031 EXCHANGES FOR INVESTMENT PROCEEDS THEY HAD. THE REP WAS CURRENTLY ENGAGED IN FUNDING A HOTEL PROJECT WITH BONDS AND INTRODUCED THEM TO THE PROPERTY DEVELOPER TO SEE IF THERE WAS AN INVESTMENT VEHICLE FOR THEM. IN JULY 2008, THE CLAIMANTS INVESTED $800,000 WITH THE HOTEL DEVELOPER (NOT THE REP OR GVC) WHO USED IT AS EQUITY. THE INVESTMENT FAILED AND THEY ARE CLAIMING BREACH OF FIDUCIARY DUTY, APPLICABLE STATE AND SECURITIES VIOLATIONS AND FAILURE TO SUPERVISE.
Damage Amount Requested: $1,055,000.00 Damages Granted: $896,346.69
Broker Comment: CLAIMANTS WERE NEVER DOCUMENTED CUSTOMERS OF THE REP OR THE FIRM. THE CLAIMANTS WERE INTRODUCED TO THE REP BY ANOTHER CUSTOMER OF GVC CAPITAL. THE REP IN TURN INTRODUCED THESE CLAIMANTS TO AN ISSUER WHO SOLD PROJECT EQUITY TO THE CLAIMANTS. THE ISSUER'S PROJECT FAILED IN THE CREDIT CRISES, AND RATHER THAN SUE THE ISSUER, THE CLAIMANTS FILED AGAINST THE REP AND GVC FOR THEIR LOSSES. ALL SIGNED AGREEMENTS FOR THE INVESTMENT WERE RENDERED BY THE ATTORNEYS REPRESENTED BY THE CLAIMANTS AND THE ISSUER, WITHOUT GVC'S INPUT. GVC RECEIVED NO FEE FROM THE CLAIMANT. CLAIMANTS AND ISSUER SIGNED DOCUMENTS AGREEING NOT TO USE BROKERS OR FINDERS RELATING TO THE PROJECT EQUITY SALE. CLAIMANTS HAD PREVIOUSLY SIGNED SEC ACCREDITED LETTERS.

Date: June 17, 1992
Category: Customer Dispute
Allegations: MISRE[. SEE ATTACHED COMPLAINT
Settlement Amount: $120,000.00
Broker Comment: SETTLEMENT BY ALL PARTIES, PRUDENTIAL PURCHASEDTHE BONDS AT A NEGOTIATED PRICE AND PLAINTIFFS ASSIGNEDPRUDENTIAL THEIR CLAIMS AGAINST 3RD PARTIES.CASE DISMISSED - FULLY AND FINALLY SETTLED, THESETTLEMENT TERMS ARE CONFIDENTIAL BY AGREEMENT OF THE PARTIES.

Date: January 07, 1992
Category: Customer Dispute
Allegations: CLIENTS ALLEGE MISREPRESENTATION REGARDINGMUNICIPAL BONDS. ALLEGED DAMAGES ARE UNSPECIFIED BUT AREBELIEVED TO BE IN EXCESS OF $10,000.00
Broker Comment: PRUDENTIAL SETTLEMENT INVOLVED BUYING BACK THEBOND UNDERWRITTEN BY PRUDENTIAL AT 80% OF PAR AMOUNT. THECLIENT WAIVED ANY RECOVERY AND ASSIGNED ALL RECOVERY IN THECLAIM AGAINST THE CLAIM AGAINST THE CITY OF BERTHOUD TOPRUDENTIALTHE CLAIM AGAINST PRUDENTIAL INVOLVEDAPPROXIMATELTY 150,000 BONDS ISSUED BY THE CITY OF BERTHOUD,COLORADO, IN WHICH A TAX LEIN HAD BEEN CIRCUITOUSLY REMOVED BYTHE PROPERTY OWNER, CAUSING THE BOND HOLDER TO BE UNSECURED,AND RESULTING IN A CLAIM AGAINST PRUDENTIAL AND FULTON CLAIMINGMISREPRESENTATION. PRUDENTIAL BOUGHT THE BONDS FROM THECLAIMANT AND RECEIVED THE ASSIGNMENT IN ANY RECOVERY IN THECLAIM AGAINST THE CITY OF BERTHOUD OR THE PROPERTY OWNERS.PRUDENTIAL WAS THE THE UNDERWRITER OF THERE TAX EXEMPT BONDS.

More Information

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