Anthony Gray Alleged Misappropriation of Funds

investors rights attorneysAnthony Gray Allegedly Misappropriated Funds from Elderly Clients

Anthony Gray, formerly with Edward Jones, allegedly misappropriated client funds, according to Financial Industry Regulatory Authority (FINRA) currently under review by investment attorneys of Peiffer Rosca Wolf. Gray allegedly convinced two elderly clients to transfer $138,000 from their firm account at Edward Jones.

Anthony Gray then allegedly convinced these elderly clients to place the funds in their private account, which was held separate and apart from their investment account at Edward Jones. Once the money was safely deposited in their personal account, Anthony Gray allegedly instructed the elderly clients to provide blank checks to him, so that he would be able to draw on these funds in their personal account.

Over a two year period, Anthony Gray allegedly embezzled $138,000 from his clients by directing that these blank checks be issued to pay false fees for their firm account. Instead of paying fees to their firm account, Anthony Gray allegedly redirected these funds to either himself or a business with which he was affiliated. At this point, Anthony Gray then allegedly converted these funds to his own personal use. During a two year period, $138,000 was allegedly misappropriated by Anthony Gray from the elderly client’s account to his own personal use.

Anthony Gray Barred from Securities Related Business

FINRA rules prohibit any member or person associated with a member from making improper use of a customer’s securities or funds.

Gray accepted and consented to the entry of specific findings by FINRA contained within the Letter of Acceptance, Waiver, and Consent (AWC), without admitting or denying FINRA’s findings of fact. FINRA’s entry of findings alleged that Gray misappropriated client funds. FINRA barred Gray from all capacities from associating with any FINRA member or engaging in securities related business.

Investor Rights Lawyers Investigating

The Peiffer Rosca Wolf investor rights attorneys often represent investors who lose money as a result of alleged broker misconduct. They are currently investigating Anthony Gray. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Anthony Gray allegedly misappropriating client funds may contact the investor rights attorneys at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1157 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.