Goodman & Nekvasil P.A., May Recover Your Investment Losses – Jeffrey Marc Grayson (Jeffrey Grayson) Formerly Licensed with Wells Fargo Advisors, Suspended from Securities Industry
Jeffrey Grayson was licensed with Wells Fargo Advisors from 2011 to 2016. Jeffrey Grayson was suspended from the securities and investment banking industry for 2 months and fined $10,000 by the Financial Industry Regulatory Authority (FINRA) in February 2017. FINRA reports that Jeffrey Grayson consented to the sanctions and to the entry of findings that Jeffrey Grayson exercised discretion in four accounts maintained by two related customers without written authorization from those customers and without having obtained approval from Jeffrey Grayson’s member firm to treat those customer accounts as discretionary. The findings stated that Jeffrey Grayson also provided inaccurate responses about Jeffrey Grayson’s use of discretion in connection with the firm’s annual compliance documents.
FINRA reports that two complaints and/or arbitration claims were filed involving Jeffrey Grayson’s conduct with Wells Fargo Advisors, alleging unauthorized trading, high commissions, and/or unsuitable investments in oil and gas stocks. These complaints and/or arbitration claims involving Jeffrey Grayson’s conduct both settled, with the largest settling for $90,000. FINRA also reports that two arbitration claims involving Jeffrey Grayson’s conduct with prior employers both settled.
Our law firm represents a client of Jeffrey Grayson. We have filed an arbitration claim on her behalf against Wells Fargo Advisors, alleging unsuitable recommendations by Jeffrey Grayson.
If you lost any money on investments with Jeffrey Grayson, you may be able to recover your losses from Wells Fargo Advisors. This is because Wells Fargo Advisors had a duty to supervise Jeffrey Grayson.
If you lost money on investments with Wells Fargo Advisors and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Wells Fargo Advisors concerning Jeffrey Grayson’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $300 million on behalf of victimized investors. If you lost money on investments with Jeffrey Grayson and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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