Jay Gruenebaum – Investor Alert
UPDATE 10/11/16: Gruenebaum has entered into an Acceptance, Waiver, and Consent with FINRA, under which he has been barred from the industry.
Galvin Legal is launching an investigation on behalf of investors who may have suffered losses investing with Jay Gruenebaum. If you suffered losses investing with Jay Gruenebaum, then Galvin Legal may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
Jay Gruenebaum (CRD# 2351888)
Disclosure Events
05/23/2016 Employment Separation After Allegations
Firm Name STIFEL, NICOLAUS & COMPANY, INCORPORATED
Termination Type: Discharged
Allegations:
Discharged for making unauthorized payments to clients.
05/04/2016 Customer Dispute – Closed-No Action
04/21/2016 Customer Dispute – Closed-No Action
05/29/2013 Customer Dispute – Denied
03/26/2013 Employment Separation After Allegations
Firm Name MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
Termination Type: Discharged
Allegations:
CONDUCT INCLUDING ALTERING CLIENT DOCUMENTS ON MULTIPLE OCCASIONS, AND PROCURING A PRE-SIGNED CLIENT DOCUMENT, RESULTING IN MANAGEMENT’S LOSS OF CONDIFENCE.
Current and Previous Registrations
03/2013 – 06/2016 STIFEL, NICOLAUS & COMPANY, INCORPORATED (CRD# 793) – ZANESVILLE, OH
08/2007 – 04/2013 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (CRD# 7691) – ZANESVILLE, OH
11/2001 – 08/2007 A. G. EDWARDS & SONS, INC. (CRD# 4) – ZANESVILLE, OH
07/1993 – 11/2001 J.J.B. HILLIARD, W.L. LYONS, INC. (CRD# 453) – LOUISVILLE, KY
FINRA requires brokerage firms to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses investing with Jay Gruenebaum and would like a free consultation with a securities attorney, then please call Galvin Legal at 1-800-405-5117.
Galvin Legal is a national securities arbitration, mediation, fraud, and investor protection law practice. For more information on Galvin Legal, please visit www.galvinlegal.com or call 1-800-405-5117.
