Last Updated: May 2024 (Pittsburgh, PA)
Curt Grossman Investigation Summary
Here’s what you need to know about Pittsburgh, PA, stockbroker Curt Grossman:
- Name: Mr. Curt Randy Grossman
- Current Employer: Not currently registered with FINRA
- DBA: Wealth Management Strategies
- Previous Firms: Kestra Investment Services, NFP (now known as Kestra Investment Services, Edward Jones
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Curt Grossman
- Primary Location: Pittsburgh, PA
- CRD 2013519
- Can Curt Grossman be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $450,000
- Pending Customer Dispute Seeks Unspecified Amount of Damages
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Curt Grossman As Your Stockbroker?
In 2/2024 a customer of Kestra Investment Services filed a FINRA arbitration alleging that Curt Grossman recommended unsuitable investments in limited partnerships and other direct investments. A specific damage amount has not yet been specified in this pending case.
In 2015 a customer of Edward Jones/ Curt Grossman was paid $450,000 to resolve allegations that junk bonds were held in the account of a firefighters pension fund in violation of West Virginia law, that the account was churned and that performance evaluations were not provided.
[LEARN MORE]:
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
See this for more information on REITs and Other Alternative Investments
Allegations of Broker Misconduct Against Curt Grossman
Customers of Curt Grossman have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Recommendations to invest in alternative investments.
- Account excessively traded (Churning)
- Failure to provide account performance evaluations
- Junk bonds held in account in violation of West Virginia law
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.
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.
Recover Your Investment Losses Now With Rex Securities Law
[LEARN MORE]: Investigation of Kestra Investment Services and Kestra brokers-Lawsuits, Arbitrations & Customer Disputes
If you have suffered investment losses in an account handled by Curt Grossman, 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.
