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Broker Complaints: Cadaret, Grant & Co., Inc. (CRD # 10641)

The securities and investment fraud law firm, Fitapelli Kurta, is interested in speaking to investors who have complaints regarding Cadaret, Grant & Co., Inc.

Cadaret, Grant & Co., Inc. is an independent broker-dealer firm based out of Syracuse, New York. Cadaret, Grant & Co., Inc. was incorporated under the laws of Delaware in 1981. Cadaret, Grant & Co., Inc. is registered with both the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Cadaret, Grant & Co., Inc. has offices in 52 U.S. states and territories. Cadaret, Grant & Co., Inc. has over 900 brokers nationwide.

·         In May 2015 Cadaret, Grant & Co., Inc. was fined $75,000 by FINRA. The fine was related to the recommendation and sale of variable annuities.

·         In January 2012 Cadaret, Grant & Co., Inc. was fined $200,000 when one of its brokers recommended 19 unsuitable variable annuities to 13 elderly customers.

·         In March 2009 Cadaret, Grant & Co., Inc. was fined $15,000 for failing to supervise a broker who allegedly violated the Vermont Uniform Securities Act.

·         In December 2010 Cadaret, Grant & Co., Inc. was fined $125,000 for failing to ensure customers received appropriate “rollover and exchange” discounts associated with eligible Unite Investment Trusts (UITs)

·         In June 2003 a FINRA arbitration panel entered an award of $115,000 against Cadaret, Grant & Co., Inc. on allegations that Cadaret, Grant & Co., Inc. made unsuitable investment recommendations and omitted material facts related to a variable annuity investment.

·         In April 2002 a FINRA arbitration panel entered an award of $464,000 against Cadaret, Grant & Co., Inc. on allegations that Cadaret, Grant & Co., Inc. made unsuitable investment recommendations and omitted material facts relating to stock investments.

·         In March 2006 a FINRA arbitration panel entered an award of $39,000 on allegations of unauthorized trading in a customer’s account.

Under FINRA Rules, and federal securities laws, broker-dealer firms like Cadaret, Grant & Co., Inc. have a duty to supervise their brokers and to ensure these brokers are only making suitable investment recommendations to their customers. If you have a complaint regarding an investment you made through Cadaret, Grant & Co., Inc. or any of their brokers, you may be entitled to recover your losses.

Our firm prosecutes cases on behalf of investors nationwide who have fallen victim to unsuitable investments or other forms of broker misconduct. All cases are taken on a contingency fee basis, which means we do not recover unless and until you recover money.

Time to file a claim with FINRA is limited, so do not delay. Call 877-238-4175 now to speak directly to an attorney. Our consultations are always free.