GREGORY T SETTLE - Investment Adviser at MORGAN STANLEY INSTITUTIONAL INVESTMENT ADVISORS LLC

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Detailed ReportReport

GREGORY T SETTLE

GREGORY THOMAS SETTLE

CRD#: 1183932

Investment Adviser

Previous Broker

MORGAN STANLEY INSTITUTIONAL INVESTMENT ADVISORS LLCCRD#: 149122

Spokane, WA

Registration History

Disclosure(s)

View By:

5/10/1985

Regulatory

Final

Initiated By

OREGON

Allegations

THE STATE OF OREGON ISSUED A CEASE AND DESIST ORDER AGAINST GERGORY, SETTLE, JOHN POLING AND REGISTERED FINANCIAL PLANNING SERVICES ON MAY 10, 1985. GREGORY SETTLE STIPULATED TO A CEASE AND DESIST ORDER REVOKING HIS SECURITIES LICENSE AND FINING HIM $1,000 FOR HIS ACTIVITIES IN SELLING UNREGISTERED SECURITIES IN ADMINISTRATIVE ACTION BY OREGON CORPORATION COMMISSION. JOHN POLING STIPULATED TO UNLICENSED INVESTMENT ADVISORY SERVICES IN SAME ACTION. REGISTERED FINANCIAL PLANNING SERVICES ORDERED TO CEASE AND DESIST SALES OF UNREGISTERED SECURITIES IN SAME ACTION.

Resolution

Consent

Sanctions

Monetary/Fine

Amount

$1,000.00

Sanctions

Revocation/Expulsion/Denial

Sanctions

Cease and Desist/Injunction

Sanction Details

CEASE AND DESIST, REVOCATION AND $10,000 FINE.

Broker Comment

SETTLE CONSENTED TO A STIPULATION ISSUED BY THE OREGON SECURITIES DIVISION TO CEASE AND DESIST, PAY A FINE OF $1,000 AND REVOCATION OF HIS LICENSE, AS A RESULT OF SELLING UNREGISTERED SECURITIES. DURING THE PERIOD OF AUGUST 1983 THROUGH DECEMBER 1983, MR. SETTLE WORKED ON A CONTRACTUAL BASIS FOR A FIRM CALLED REGISTERED FINANCIAL PLANNING SERVICES, IN PORTLAND, OREGON. HE ALSO WORKED AS A REGISTERED REPRESENTATIVE WITH WZW FINANCIAL SERVICES DURING THAT TIME. BY CONTRACT, SETTLE PERFORMED TAX ANALYSIS FOR RFPS CLIENTS, AND ASSISTED THEIR CLIENTS IN SETTING UP BUSINESS AFFAIRS. HE ALSO SOLD THEM REGISTERED SECURITIES, WHICH THEIR FINANCIAL PLANNING FIRM APPROVED, THROUGH HIS BROKER/DEALER, WZW. IN ADDITION TO THE REGISTERED SECURITIES WHICH HE SOLD, RFPS DIRECTED SETTLE TO HANDLE TRANSACTIONS OF CERTAIN TAX-SHELTERED INVESTMENTS, WHICH WERE NOT CONSIDERED BY THE ACCOUNTANTS AND ATTORNEYS SETTLE RELIED UPON TO BE SECURITIES. THESE WERE EQUIPMENT LEASING PROGRAMS AND WORKING ASSET PURCHASES. SETTLE WAS AT THE TIME VERY INEXPERIENCED, HAVING JUST GRADUATED FROM COLLEGE, BUT HE ANALYZED THEM AS BEST HE COULD, IN ADDITION TO RELYING ON OTHER "EXPERT" ADVICE. NONE OF THE NON-REGISTERED PROJECTS WHICH HE HANDLED APPEARED IN ANY WAY TO BE A SECURITY. SETTLE TERMINATED HIS BUSINESS RELATIONSHIP WITH RFPS ON JANUARY 1, 1984, FOR LACK OF CONFIDENCE IN THAT FIRM'S MANAGEMENT. HE MOVED TO THE LOS ANGELES AREA, AND HAS BEEN WORKING FOR SECURITY FIRST GROUP AS AN ENROLLMENT COUNSELOR SINCE MAY 1984. IN EARLY 1985, HE RECEIVED NOTICE FROM THE OREGON CORPORATION COMMISSION THAT THEY INVESTIGATING RFPS AND ONE OF THE EQUIPMENT LEASING PROGRAMS WHICH SETTLE HANDLED FOR THEM. THIS PROJECT, THE OEC EQUIPMENT LEASING P*SEE FAQ #1*

License(s)

State Registrations

Oregon 6/1/2011

Washington 6/1/2011

Texas 12/13/2019

Current Registration(s)

MORGAN STANLEY INSTITUTIONAL INVESTMENT ADVISORS LLC (CRD#:149122)

Spokane, WA

Registered with this firm since 6/1/2011

Previous Registration(s)

th hidden text	th hidden text	Name	Location
IA	04/03/2007 - 01/16/2008	NORTHWEST CAPITAL MANAGEMENT INC (CRD#:108091)	LAKE OSWEGO, OR
IA	10/03/2002 - 04/30/2007	ICMA RETIREMENT CORP (CRD#:108783)	WASHINGTON, DC
B	12/04/1992 - 04/30/2007	ICMA-RC SERVICES, LLC (CRD#:23189)	OLYMPIA, WA
B	12/12/1988 - 10/01/1992	NEW ENGLAND SECURITIES (CRD#:615)	NEW YORK, NY
B	06/19/1984 - 10/24/1988	SECURITY FIRST FINANCIAL, INC. (CRD#:6695)
B	09/27/1983 - 12/27/1984	WZW FINANCIAL SERVICES, INC. (CRD#:5717)

NORTHWEST CAPITAL MANAGEMENT INC (CRD#:108091)

LAKE OSWEGO, OR

04/03/2007 - 01/16/2008

ICMA RETIREMENT CORP (CRD#:108783)

WASHINGTON, DC

10/03/2002 - 04/30/2007

ICMA-RC SERVICES, LLC (CRD#:23189)

OLYMPIA, WA

12/04/1992 - 04/30/2007

NEW ENGLAND SECURITIES (CRD#:615)

NEW YORK, NY

12/12/1988 - 10/01/1992

SECURITY FIRST FINANCIAL, INC. (CRD#:6695)

06/19/1984 - 10/24/1988

WZW FINANCIAL SERVICES, INC. (CRD#:5717)

09/27/1983 - 12/27/1984

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