Former Stifel, Nicolaus, & Company broker, Jay Gruenebaum, Barred from Securities Industry

By November 15, 2016 September 20th, 2017 News

According to his Letter of Acceptance, Waiver and Consent (“AWC”) with FINRA, Jay Gruenebaum accepted a permanent bar from the securities industry.  As noted in AWC 2016049236901, Gruenebaum was terminated by Stifel, Nicolaus, & Company in June of 2016 for making unauthorized payments to clients.  The firm filed a Form U5 disclosing the customer complaints, but Gruenebaum declined a FINRA request to testify and instead accepted a permanent bar from the industry.

Per his FINRA BrokerCheck report, Gruenebaum was terminated by Stifel, Nicolaus, & Company for making unauthorized payments to clients and altering client documentation on multiple occasions.

Fishman Haygood represents investors who have suffered investment losses in claims against their brokers or financial advisors. Our experienced attorneys have brought securities fraud cases in state and federal courts across the nation, as well as in FINRA arbitration. We work to help investors recoup their losses.

Of course, all cases are different. For that reason, we analyze each client’s matter individually and provide our personalized evaluation only after considering all of the facts and circumstances of all possible claims. If you or someone you know is the victim of securities fraud, please contact a Fishman Haygood lawyer today.

5 STEPS YOU SHOULD TAKE TODAY IF YOU'RE THE VICTIM OF INVESTMENT FRAUD