GREGORY LAMBESIS is currently employed as a Broker and/or Investment Adviser at CUSO FINANCIAL SERVICES, L.P. located at 69 SWIFT STREET, SUITE 100, S. BURLINGTON, VT, 05403.
GREGORY LAMBESIS has worked at CUSO FINANCIAL SERVICES, L.P. since October 09, 2012
Disclosure History
GREGORY LAMBESIS has 2 Disclosure Event(s).
Date: June 29, 2015 Category: Customer Dispute Allegations: CLIENT ALLEGED THAT A CFS REPRESENTATIVE DID NOT FULLY DISCLOSE THE POTENTIAL TAX IMPACT OF MUTUAL FUND PURCHASES MADE PRIOR TO ANTICIPATED CAPITAL GAINS DISTRIBUTIONS IN DECEMBER OF 2014. CFS REVIEW DETERMINED THAT THE REPRESENTATIVE MAY NOT HAVE ADEQUATELY RESEARCHED THE POTENTIAL TAXATION THAT COULD HAVE RESULTED FROM THE PURCHASES AND SUBSEQUENT CAPITAL GAINS DISTRIBUTIONS. CFS AGREED TO AN ACCOMMODATION SETTLEMENT WITH THE CLIENT WHICH WAS FINALIZED ON 7/10/15. Damage Amount Requested: $5,477.00 Settlement Amount: $5,477.00
Date: May 21, 2015 Category: Regulatory Initiated By: Vermont Allegations: The Division determined that Mr. Lambesis, in his role as a broker-dealer agent, communicated with client via an unapproved email account. Mr. Lambesis also failed to notify his broker-dealer firm of a client complaint. Resolution: Consent SanctionDetails: Sanctions: Civil and Administrative Penalty(ies)/Fine(s) SanctionDetails: Amount: $12,500.00 Broker Comment: My consent to the Vermont Order was based on advice from counsel to settle this matter and is not an admission of my liability. In fact, I deny Vermont's allegations. First, I deny that I knowingly used an unauthorized email account. I reasonably believed that my Credit Union e-mail was accessible by my broker/dealer. Second, I reported the client complaint to a manager of the Credit Union where I provided investment services through my broker/dealer. Lastly, I believe that I acted properly at all times and in compliance with applicable regulations and firm policy.
More Information
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