Former Morgan Stanley Broker, Henry Grinberg, Who Has Three Customer Complaints, Resigned From The Firm In June 2018
The Wolper Law Firm is currently investigating claims against Henry Grinberg, a former Financial Advisor at Morgan Stanley in Aventura, Florida. Henry Grinberg has been in the securities industry since 2003 and now works for Raymond James.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on June 8, 2018, Henry Grinberg resigned from Morgan Stanley “after allegations were made regarding his placing trades in his own production number, as opposed to an agreed-upon joint number with another advisor.”
In addition, Henry Grinberg has been the subject of three customer complaints since 2008:
- May 2016—“Client alleges unsuitability, inter alia, with respect to investments…”
- October 2013—“Client alleges unsuitability with respect to investments.”
- April 2008—“The Complaint arose out of the sale of an auction rate security…” The matter was settled for $175,000.
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
If you or someone you know was a customer of Henry Grinberg, and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at firstname.lastname@example.org to discuss your specific situation and the legal options available. The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.
Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. Simply put, he knows how the other side evaluates cases, which gives you a competitive advantage.