Haselkorn & Thibaut has opened an investigation into Park City, Utah financial advisor Greg Cunningham following recent investor complaints alleging serious misconduct. With over 50 years of experience helping investors recover losses, our national investment fraud law firm is examining the circumstances surrounding multiple complaints against this Raymond James Financial Services representative.
Understanding Greg Cunningham’s Background and Current Status
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Greg Cunningham (CRD# 2477804) operates as both a broker and investment advisor through Raymond James Financial Services, doing business as Cunningham Wealth Group. Based in Park City, Utah, he brings 31 years of securities industry experience to his practice.
His extensive credentials include passing eight securities industry qualifying examinations:
- Series 7 – General Securities Representative
- Series 65 – Uniform Investment Adviser Law
- Series 8, 9, and 10 – Various supervisory qualifications
- Series 4 – Registered Options Principal
- Series 63 – Uniform Securities Agent State Law
- SIE – Securities Industry Essentials
He maintains licenses across ten states, including Arizona, California, Georgia, Minnesota, Missouri, New York, North Carolina, Texas, Utah, and Wyoming.
Recent Investor Complaint Raises Serious Concerns
The most troubling development involves a September 2025 complaint alleging breach of fiduciary duty. According to FINRA records, this complaint claims Greg Cunningham liquidated a customer’s investments to fund a personal loan from the client to himself. The alleged damages total $150,000, representing a significant loss for the investor involved.
This type of allegation is particularly concerning because:
| Key Issue | Why It Matters |
|---|---|
| Personal loans between advisors and clients | Often violate industry rules and create conflicts of interest |
| Liquidating investments without proper purpose | May breach fiduciary duty to act in client’s best interest |
| Six-figure alleged damages | Represents substantial financial harm to the investor |
Pattern of Previous Complaints
Greg Cunningham’s regulatory history reveals two additional investor complaints that warrant attention:
2021 Complaint – Unauthorized Trading Allegations
An investor alleged unauthorized trades in a discretionary trust account. While Raymond James denied this complaint, and Cunningham provided an explanation citing a signed asset management agreement, the existence of such a complaint still raises questions about communication and client expectations.
1999 Complaint – Settled for $9,500
This earlier complaint alleged both unsuitable investment recommendations and unauthorized trading. The fact that this complaint resulted in a monetary settlement suggests there may have been merit to the investor’s concerns.
Red Flags Investors Should Consider
When evaluating Greg Cunningham or any financial advisor with similar disclosure history, consider these warning signs:
• Multiple Complaints Over Time – Three complaints spanning over two decades suggest ongoing issues
• Serious Nature of Allegations – Breach of fiduciary duty and unauthorized trading are fundamental violations of trust
• Personal Financial Entanglements – The alleged loan arrangement crosses professional boundaries
• Pattern of Similar Issues – Two complaints involve unauthorized trading allegations
What This Means for Current and Former Clients
If you’ve worked with Greg Cunningham through Raymond James Financial Services, it’s important to review your account statements carefully. Look for:
- Unexplained withdrawals or liquidations
- Transactions you didn’t authorize
- Investment changes that don’t align with your goals
- Any requests for personal loans or financial arrangements outside normal investment activities
Remember, financial advisors have a fiduciary duty to act in your best interests. This means they cannot use your assets for their personal benefit or make decisions that prioritize their needs over yours.
Your Rights as an Investor
Investors who have suffered losses due to advisor misconduct have options for recovery. FINRA arbitration provides a forum for resolving disputes with registered representatives like Greg Cunningham. Time limits apply, so prompt action is essential.
Key points about investor rights:
• You may be entitled to recover losses caused by breach of fiduciary duty
• Unauthorized trading can form the basis for a claim
• Settlement history can be relevant evidence in your case
• Documentation of all interactions strengthens your position
Taking Action to Protect Your Interests
If you’ve experienced losses or concerning interactions with Greg Cunningham at Raymond James Financial Services, don’t wait to seek help. The investment fraud attorneys at Haselkorn & Thibaut offer:
✓ Free consultations to evaluate your situation
✓ 98% success rate in securities arbitration
✓ No recovery, no fee representation
✓ Over 50 years of experience protecting investors
✓ Millions recovered for clients nationwide
Our investigation into Greg Cunningham’s activities continues as we work to help investors understand their options and recover losses.
Don’t let investment losses go unaddressed. If you’ve worked with Greg Cunningham at Raymond James Financial Services and have concerns about your account, call Haselkorn & Thibaut today at 1-888-628-5590 for your free consultation. Our experienced team can review your situation and explain your rights. Remember, we work on a contingency basis – no recovery, no fee.
