The securities fraud attorneys at Meyer Wilson are currently investigating claims against former broker Jay J. Gruenebaum (CRD# 2351888).
The Financial Industry Regulatory Authority (FINRA), has permanently barred former Stifel, Nicolaus & Co. broker Jay Gruenebaum (CRD# 2351888) “from acting as a broker or otherwise associating with firms that sell securities to the public.”
FINRA began their investigation into Gruenebaum earlier this year after he was discharged from Stifel, Nicolaus & Co. based out of Zanesville, OH on May 23 for allegedly making unauthorized payments to clients. FINRA requested his appearance for on-the-record testimony, but Gruenebaum declined to appear. Instead, he chose submit a Letter of Acceptance, Waiver and Consent agreeing to his permanent bar from the securities industry without admitting or denying FINRA’s findings. FINRA accepted his submission on October 10.
This was the second time Gruenebaum had been discharged from his place of employment. He was first discharged from Merrill Lynch, Pierce, Fenner & Smith Inc. based out of Zanesville, OH on March 26, 2013 after he allegedly altered client documents on multiple occasions and lost the confidence of his managers after procuring a pre-signed client document.
Contact the securities fraud attorneys at Meyer Wilson today if you lost money investing with former Stifel, Nicolaus & Co. broker Jay Gruenebaum. Fill out the form on our website to begin your free case consultation, or give us a call to set up a meeting with one of our attorneys. All of our cases are handled on a contingency fee basis, so you won’t be charged any legal fees until we help you recover your losses.