Florida Financial Planner Loses his CFP Designation as a Result of his Involvement in a $3 Million Scheme to Sell Unregistered Securities to Clients

Posted on May 30th, 2018 at 5:27 PM
Florida Financial Planner Loses his CFP Designation as a Result of his Involvement in a $3 Million Scheme to Sell Unregistered Securities to Clients

From the Desk of Jim Eccleston at Eccleston Law LLC:

The CFP Board has stripped financial planner, William Gross of Highland Beach, Florida of his Certified Financial Planner designation. Mr. Gross’s CFP designation was taken away as a result of a Board complaint against him for selling securities that were unregistered or exempt to 55 of his clients.

More specifically, Mr. Gross made false or misleading statements to his clients by offering 10 types of financial services that were unregistered or exempt from the SEC. In addition, Mr. Gross made dishonest statements on his 2015 and 2017 CFP Board ethics questionnaires in order to avoid being caught for selling unregistered securities.

The CFP Board revoked Mr. Gross’s right to use its designation after he failed to answer the CFP complaint in a timely manner.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: Eccleston, Eccleston Law, James Eccleston, Eccleston Law LLC

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