Jeffrey Grove – Investor Alert

Galvin Legal is launching an investigation on behalf of investors who may have suffered losses investing with Jeffrey Grove. If you suffered losses investing with Jeffrey Grove, then Galvin Legal may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.

FINRA has permanently barred this individual from acting as a broker or otherwise associating with firms that sell securities to the public.

Disclosure Events

11/18/2014 Regulatory – Final

Initiated By FINRA

Allegations:

WITHOUT ADMITTING OR DENYING THE FINDINGS, GROVE CONSENTED TO THE SANCTION AND TO THE ENTRY OF FINDINGS THAT HE CONVERTED THE PROCEEDS OF OFFICE EQUIPMENT SALES, TOTALING APPROXIMATELY $1 MILLION, FOR HIS OWN USE AND BENEFIT BY UTILIZING HIS MEMBER FIRM’S CORPORATE PROCUREMENT SYSTEM TO PURCHASE THE OFFICE EQUIPMENT AND THEN SELLING THE ITEMS TO DIFFERENT INDIVIDUALS.

Resolution: Acceptance, Waiver & Consent(AWC)

Sanctions: Bar (Permanent)

08/29/2014 Employment Separation After Allegations

Firm Name CHARLES SCHWAB & CO., INC

Termination Type: Discharged

Allegations:

ALLEGATIONS REGARDING MR. GROVE’S PURCHASES OF UNAUTHORIZED OFFICE EQUIPMENT THROUGH THE FIRM’S OFFICE SUPPLY CHANNELS.

08/29/2014 Criminal – Pending Charge

Charges:

CHARGE 1-CONSPIRACY TO TRAFFIC IN OXYCODONE,FL STATE STATUE 893135(5)

Charge Type: FELONY

Charges:

CHARGE-UNLAWFUL USE OF A TWO-WAY COMMUNICATION DEVICE TO COMMIT A CRIME 934-215

Charge Type: FELONY

03/04/1997 Criminal – Final Disposition

Charges:

POSSESSION OF CANNABIS MORE THAN 20 GRAMS (FELONY).

Charge Type: FELONY

Disposition:

ADJUDICATION OF GUILT WAS WITHHELD. I HAD PROBATION FOR 18 MONTHS. I DID 50 HOURS COMMUNITY SERVICE AND 12 WEEKS OF DRUG CLASSES.

Broker Comment: Not Provided

Previous Registration

07/1999 – 09/2014 CHARLES SCHWAB & CO., INC. (CRD# 5393) – MELBORNE, FL

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 Jeffrey Grove 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.