Last Updated: June 2024 (Fort Lauderdale, FL)
Michael Grande Investigation Summary
Here’s what you need to know about Fort Lauderdale, FL, stockbroker Michael Grande:
- Name: Mr. Michael Charles Grande
- Current Employer: Not currently registered with FINRA
- Previous Firms: Newbridge Securities Corp., Meyers Associates
- Function: Stock Broker/ Financial Advisor
- Aliases: Michael Grande
- Primary Location: Fort Lauderdale, FL
- CRD 1219255
- Can Michael Grande be sued in FINRA arbitration: Yes
- Pending FINRA Investigation: Yes
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money Short Term Trading Mutual Funds With Michael Grande As Your Stockbroker?
In 4/2024 FINRA filed a Disciplinary Proceeding against Michael Grande alleging that Grande failed to respond to FINRA letters requesting information related to mutual fund transactions that he recommended to customers. His failure to respond violates FINRA Rules 8210 and 2010.
FINRA is investigating the suitability of Grande’s recommendations between July 2017 and May 2022 to nine of his customers to engage in short-term trading of mutual funds.
Short term trading of mutual funds is seldom a suitable investment strategy, especially for retirees or those anticipating retirement. If you lost money as a result of recommendations from Michael Grande, you may be able to recover your losses through FINRA arbitration.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
[LEARN MORE]: Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
[LEARN MORE]: FINRA Rule 2111- suitability -Regulation Best Interest
Recover Your Investment Losses Now With Rex Securities Law
[LEARN MORE]: Investigations of other Newbridge Securities brokers
If you have suffered investment losses in an account handled by Michael Grande, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.