Last Updated: February 2024 (Bala Cynwyd, PA)
Darren Grossman Investigation Summary
Here’s what you need to know about Bala Cynwyd, PA, stockbroker Darren Grossman:
- Name: Mr. Darren Robert Grossman
- Current Employer: Centaurus Financial
- DBA: GM Financial Consultants
- Previous Firms: MSI Financial Services
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Darren Grossman
- Primary Location: Bala Cynwyd, PA
- CRD 5762586
- Can Darren Grossman be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of $150,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Darren Grossman As Your Stockbroker?
A customer of Centaurus Financial filed a FINRA arbitration in 8/2022 alleging that Darren Grossman recommended a high risk, unsuitable and illiquid investment that resulted in losses of $150,000. This matter is currently pending.
» More information on REITs and Other Alternative Investments
Allegations of Broker Misconduct Against Darren Grossman
A customer of Darren Grossman has alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in high risk , illiquid investment.
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
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.
If you have suffered investment losses in an account handled by Darren 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.
