According to FINRA, Calvin Lee Gray has been named as a respondent in a FINRA complaint alleging that he failed to provide information and documents requested by FINRA. This matter involves allegations that have not yet been adjudicated.

Gray's member firm disclosed to FINRA that Gray had been indicted in the United States District Court for the Eastern District of Missouri for conspiracy to commit bank fraud, fraud in connection with identification documents, aggravated identity theft, and fraud in connection with access devices.

FINRA opened an investigation into whether Gray committed fraud or engaged in identity theft with respect to any brokerage customers. FINRA sought information related to Gray's potential use of customer information, including correspondence, phone records, bank records, and other relevant information.

Gray's failure to provide the requested information impeded FINRA's investigation.

The federal indictment charges are serious and include crimes that could directly impact brokerage customers if customer information was used in fraudulent schemes. Identity theft and access device fraud can cause significant harm to victims who may face financial losses and credit damage.

Investors should understand that this is a pending complaint and Gray has not been found liable for these allegations. However, given the serious nature of the federal criminal charges, customers who worked with Gray should carefully review their accounts and credit reports for any signs of unauthorized activity.

If you were a customer of Calvin Lee Gray and notice any unauthorized transactions or identity theft, you should report it to law enforcement, your financial institutions, and credit bureaus immediately.