Gilbert Greg Ria, Llc

Allegations: SAFE HARBOR VIOLATION OF THE MEMBERSHIP AGREEMENT BY 6 ASSOCIATED REPS AND 2 BRANCHES. FAILURE TO CONDUCT PRE-HIRE PUBLIC RECORDS SEARCHES AS PART OF WRITTEN SUPERVISORY PROCEDURES OF TAX LIENS JUDGEMENTS AND BANKRUPTCIES AND PRIOR EMPLOYER VERIFCATION OF U-5 CHECKS. Status: Final Sanction Detail: ADVISORY AFFILIATE MUST PAY INSTALLMENTS OF 25% $9296.88 AND MONTHLY PAYMENTS OF $1212.76 AT 3% INTEREST FOR 23 MONTHS TOTALING $37187.50 Summary: SUBMITTING A CMA AND THE FIRM IMPLEMENTED A PUBLIC RECORDS SEARCH FIRM FOR TAXES LIENS AND BANKRUPTCIES WITH A CONTACT TO PRIOR FIRM TO VERBALLY VERIFY THE U-5 INFORMATION.

Allegations: REPRESENTATIVE FALSELY MARKED ORDER TICKETS FOR SOLICITED TRADES IN CUSTOMER ACCOUNTS AS UNSOLICITED, CAUSING HIS MEMBER FIRM TO MAINTAIN INACCURATE BOOKS AND RECORDS. THE FINDINGS STATED THAT TOLENE FALSELY REPRESENTED ON A FIRM ANNUAL COMPLIANCE CERTIFICATION FORM THAT HE HAD NOT SOLICITED ANY FIRM CUSTOMERS TO PURCHASE LOW PRICED OR UNLISTED SECURITIES Status: Final Sanction Detail: 45 DAY SUSPENSION Summary: WITHOUT ADMITTING OR DENYING THE FINDINGS, TOLENE CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT HE FALSELY MARKED ORDER TICKETS FOR SOLICITED TRADES IN CUSTOMER ACCOUNTS AS UNSOLICITED, CAUSING HIS MEMBER FIRM TO MAINTAIN INACCURATE BOOKS AND RECORDS. THE FINDINGS STATED THAT TOLENE FALSELY REPRESENTED ON A FIRM ANNUAL COMPLIANCE CERTIFICATION FORM THAT HE HAD NOT SOLICITED ANY FIRM CUSTOMERS TO PURCHASE LOW PRICED OR UNLISTED SECURITIES

Allegations: HAT REPRESENTATIVE IMPERSONATED A CUSTOMER ON A TELEPHONE CALL TO AN INSURANCE COMPANY IN ORDER TO OBTAIN AN ANNUITY SURRENDER FORM AND THAT HE FALSIFIED THE SAME CUSTOMER'S 403(B) ROLLOVER REQUEST FORM BY WHITING OUT THE DATE ON AN EARLIER VALIDLY SIGNED FORM, AND WRITING IN THE THEN CURRENT DATE WITHOUT THE CUSTOMER'S KNOWLEDGE OR CONSENT.IN ADDITION, REPRESENTATIVE FORGED THE SIGNATURE OF ANOTHER CUSTOMER ON A CHANGE OF BROKER-DEALER FORM WITHOUT THE CUSTOMER'S KNOWLEDGE OR CONSENT. Status: Final Sanction Detail: $7500 SUSPENSION 08/15/16 - 02/14/2017 Summary: THAT REPRESENTATIVE IMPERSONATED A CUSTOMER ON A TELEPHONE CALL TO AN INSURANCE COMPANY IN ORDER TO OBTAIN AN ANNUITY SURRENDER FORM AND THAT HE FALSIFIED THE SAME CUSTOMER'S 403(B) ROLLOVER REQUEST FORM BY WHITING OUT THE DATE ON AN EARLIER VALIDLY SIGNED FORM, AND WRITING IN THE THEN CURRENT DATE WITHOUT THE CUSTOMER'S KNOWLEDGE OR CONSENT.IN ADDITION, REPRESENTATIVE FORGED THE SIGNATURE OF ANOTHER CUSTOMER ON A CHANGE OF BROKER-DEALER FORM WITHOUT THE CUSTOMER'S KNOWLEDGE OR CONSENT. FINED $7500 AND SUSPENDED 6 MONTHS

Allegations: THAT REPRESENTATIVE ASSISTED WITH A CUSTOMER'S VARIABLE ANNUITY EXCHANGE AWAY FROM HIS MEMBER FIRM AND RECEIVED COMPENSATION IN CONNECTION WITH THIS EXCHANGE FROM A REGISTERED REPRESENTATIVE OF ANOTHER MEMBER FIRM WITH WHOM REPRESENTATIVE HAD NO PRIOR RELATIONSHIP. Status: Final Sanction Detail: SUSPENSION 09/16/2019 - 01/15/2020 FINE/DISGORGEMENT NOT PAID YET Summary: THAT REPRESENTATIVE ASSISTED WITH A CUSTOMER'S VARIABLE ANNUITY EXCHANGE AWAY FROM HIS MEMBER FIRM AND RECEIVED COMPENSATION IN CONNECTION WITH THIS EXCHANGE FROM A REGISTERED REPRESENTATIVE OF ANOTHER MEMBER FIRM WITH WHOM REPRESENTATIVE HAD NO PRIOR RELATIONSHIP. 4 MONTH SUSPENSION FINED $10000

Allegations: RESPONDENT, AS CCO AND PRESIDENT OF FIRM, FAILED TO PROVIDE ACCURATE ACCOUNT STATEMENTS TO CLIENTS, ALLOWED AN EMPLOYEE TO ACT AS AN INVESTMENT ADVISER REPRESENTATIVE WITHOUT BEING REGISTERED, FAILED TO CONDUCT ANNUAL REVIEWS, FAILED TO PROPERLY DISCLOSE OWNERSHIP OF FIRM AND FAILED TO FILE UPDATING AMENDMENTS TO ADV AND FORM U-4 Status: Final Sanction Detail: $5000 PAID 07/14/2014 Summary: RESPONDENT, AS CCO AND PRESIDENT OF FIRM, FAILED TO PROVIDE ACCURATE ACCOUNT STATEMENTS TO CLIENTS, ALLOWED AN EMPLOYEE TO ACT AS AN INVESTMENT ADVISER REPRESENTATIVE WITHOUT BEING REGISTERED, FAILED TO CONDUCT ANNUAL REVIEWS, FAILED TO PROPERLY DISCLOSE OWNERSHIP OF FIRM AND FAILED TO FILE UPDATING AMENDMENTS TO ADV AND FORM U-4. HE WAS FINED $5000.