Ex-Broker Barred After Refusing to Respond to FINRA Probe
Former broker Gregory Alan Corrie, fired from Cambridge Investment Research last year, has agreed to be barred from the industry after refusing to cooperate with an investigation into allegations that he excessively used unit investment trusts.
The 30-year industry veteran, as part of a settlement, consented to be barred from associating with any Financial Industry Regulatory Authority member in any capacity, FINRA said Tuesday.
Corrie accepted FINRA’s findings that he declined to produce the requested information and documents but did not admit or deny them, according to an authority letter of acceptance, waiver and consent. This development was first reported by AdvisorHub.
From January 2020 to March 17, 2023, Corrie, based in Boise, Idaho, was registered as an investment company and variable contracts products representative through an association with Cambridge Investment Research, according to his FINRA Brokercheck record.
On March 17, 2023, Cambridge filed a Form U5 notice disclosing that the firm had terminated Corrie for excessive use of UIT products. On May 1, 2023, Cambridge filed an amended Form U5 disclosing that its internal review had concluded and that the firm had made “remediation payments related to the trading activity,” FINRA reported.
Three months ago, FINRA asked Corrie for information related to the inquiry into his dismissal from Cambridge.
“As stated in his counsel’s email to FINRA on July 9, 2024, and by this agreement, Corrie acknowledges that he received FINRA’s request and will not produce the information and documents requested at any time,” FINRA reported.
