Dean Grant Barred from the Securities Industry
Have you suffered losses investing with Dean Grant in Milledgeville, Georgia? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.
According to the Financial Industry Regulatory Authority (FINRA), the regulator has barred former financial advisor Dean Grant from associating with any FINRA member at any time.
Grant reportedly consented to the sanction and to the entry of findings that he refused to provide information and documentation requested by FINRA after allegations that he converted funds from customers, forged documents and failed to disclose certain liens on his Form U4. The findings stated that Grant provided only a partial response, and failed to provide certain information and documents requested by FINRA.
As we told you in February, authorities in Milledgeville, Georgia arrested Grant for allegedly stealing money from several clients while he was affiliated with GFG Strategic Advisors.
After one client invested $225,000 with Dean Grant Financial, Dean Grant purportedly wrote checks to himself for amounts ranging between $10,000 and $25,000, according to reports.
The tip to the authorities came from a local estate attorney who was representing one of the clients, and reported the missing account statements, according to news reports.
Grant faces three counts each of insurance fraud and theft by fiduciary, as well as one count of forgery in the first degree and two counts of trafficking a disabled or elder person or resident, according to court records.
According to his FINRA BrokerCheck Report, Grant was a registered representative with NYLIFE Securities before joining M Holdings Securities in 2014.
Grant reportedly has three tax liens on his broker record starting in 2017, ranging from $4,309 to $122,540. He also has 1 customer dispute on his record dating back to 1999 that was denied by the firm after a review of allegations that Grant had promised to transfer a client’s policy at no cost and that the policy would renew itself without premium payments.
Investigating Potential Lawsuits
The White Law Group continues its investigation into potential securities fraud claims involving Dean Grant and the liability his former employers may have for failing to properly supervise him.
Those investors that incurred losses investing with Grant may be able to recover those losses through the FINRA arbitration process.
Under FINRA rules and regulations, Broker-Dealers are responsible for supervising the actions of those advisors registered with their firm, and therefore may be held liable for the actions of their Broker(s).
If you are concerned about investment losses with Dean Grant, please contact The White Law Group, at 888-637-5510 for a free consultation with a securities attorney, or visit us at www.whitesecuritieslaw.com.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.