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.
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