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Industry Spotlight > Broker Dealers

Texas Broker Charged With Child Sexual Assault, Indecency

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A Texas broker  who has been a registered sex offender since 2002  has now been charged with crimes including child sexual assault and an indecent assault of an adult.

Gregory Estes of San Angelo was arrested this month in Tom Green County and indicted twice — last Thursday, Jan. 14, when he was charged with two counts of aggravated sexual assault of a child (first degree felonies) and two counts of indecency with a child by contact (second degree felonies); and this Tuesday, Jan. 20, when he was charged with a Class A indecent assault of an adult (a Class A misdemeanor), according to court records.

Estes was booked Wednesday for indecent assault and released on a $5,000 bond later the same day, according to the Tom Green County Sheriff’s Office website.

The first degree felonies date back to 2001 and 2004, while the second degree felonies date back to 2001 and 2008; the misdemeanor charge was made on June 17, 2020.

It was not immediately clear why he was arrested now for crimes that happened years ago. The Tom Green County Sheriff’s Office and Taylor County, Texas, Criminal District Attorney James Hicks, who is in charge of prosecuting the cases, did not immediately respond to requests for comment on Friday.

Related: Stifel Client Associate Sues Over Alleged Sexual Assault, Harassment

More Details

Estes has been with Birmingham, Alabama-based broker-dealer SA Stone Wealth Management (formerly Sterne Agee) since 2012, according to his report on the Financial Industry Regulatory Authority’s BrokerCheck website.

The BD did not immediately respond to a request for comment. Prior to SA Stone, Estes was affiliated with five other firms since starting in the industry in 1987, according to the report.

There are five disclosures on Estes’ BrokerCheck report, including a criminal one from Dec. 3, 2001, noting he was charged with four counts of attempted sexual assault. He was convicted but placed on 10 years of probation and fined $1,000.

Estes commented on the disclosure that “this matter was blown out of proportion” and “instead of defending a long drawn out appeals process, I accepted probation and a fine.”

He was discharged from Synergy Investment Group in 2006 for allegedly failing to “follow heightened supervision procedures,” according to another disclosure. Estes is still registered as both a broker and investment advisor, according to BrokerCheck.

The current projected date in which Estes will be removed from the state sex offender list after 10 years of probation for attempting to sexually assault a 31-year-old woman is Sept. 16, 2022, according to the Texas Department of Public Safety website.

A story identifying the broker as an SA Stone representative was first reported by Financial Planning.

See: Former RIA Killed Himself After U.S. Capitol Riot Arrest


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