Broker fired by Sun Trust for expense violations agrees to Finra bar

Gregory S. Brent declined to provide testimony for Finra inquiry into his termination.
SEP 21, 2017

A broker Sun Trust Investment Services fired earlier this year for seeking reimbursements for invalid business expenses has agreed to be barred by Finra. Gregory S. Brent, who first registered as a broker in 1993, for the last eight years has worked for Sun Trust, according to the Financial Industry Regulatory Authority Inc. He was terminated in January for violating the firm's policy by "submitting expense reimbursements that were not valid expenses," according to Finra's announcement. The amount of the requested reimbursements and other details of the infringement were not available from the regulator. Mr. Brent has not registered with another broker-dealer since he was fired and declined to provide testimony to Finra in its inquiry into his termination, a violation of the regulator's rules. As a result, he agreed to be barred from the industry. In addition to Sun Trust, Mr. Brent's BrokerCheck profile indicates he had worked for Wells Fargo Advisors, H&R Block Financial Advisors, Wachovia Securities, First Union Brokerage Services and Merrill Lynch.

Latest News

Retirement plan defaults leave key participant decisions unresolved
Retirement plan defaults leave key participant decisions unresolved

New Allspring research finds 401(k) participants want guidance on income and rollovers, not just portfolio automation.

Global equity release market set to triple, with US leading growth
Global equity release market set to triple, with US leading growth

Aging homeowners hold record housing wealth - but most advisors still aren't bringing it into retirement plans

Retiree alleges advisor withheld $600K through real estate LLC web
Retiree alleges advisor withheld $600K through real estate LLC web

$1.7M invested from an inheritance. Then the phone went dead.

SEC accuses Linqto chiefs of 'Wizard of Oz' investor deception
SEC accuses Linqto chiefs of 'Wizard of Oz' investor deception

The pre-IPO platform sold $430M in units while allegedly rigging prices behind the scenes.

GLP-1 users are trading retirement savings for their prescriptions
GLP-1 users are trading retirement savings for their prescriptions

A Nationwide survey finds 47% of GLP-1 users have never discussed the drugs’ financial impact with an advisor, even as many dip into savings.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor