Florence Capital Advisors, LLC Broker Gregory Hersch Accused of Private Investment Losses
Posted on Monday, May 3rd, 2021 at 8:30 pm
Erez Law is currently investigating Florence Capital Advisors, LLC broker Gregory Hersch (CRD# 3254629) regarding private investment losses. Hersch has been registered with Old City Securities LLC in New York, New York since 2017 and with Florence Capital Advisors, LLC in New York, New York since 2020.
Hersch has been the subject of one customer complaint in 2021, according to his CRD report:
February 2020. “Breach of Fiduciary Duty, Constructive Fraud, Fraud-Intentional Misrepresentation, Fraud – Concealment, Negligent Misrepresentation, Negligence. Allegations stem from investments in a private fund.” The customer is seeking $1,400,000 in damages and the case is currently pending. The complaint took place while Hersch was registered with Florence Capital Advisors, LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Florence Capital Advisors, LLC may be liable for investment or other losses suffered by Hersch’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.