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Grover Hinebaugh Has Received Two Customer Complaints

Grover Hinebaugh

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on March 27, 2018 indicate that New York-based NYLife Securities broker Grover Hinebaugh has been involved in customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Hinebaugh (CRD# 848325).

Grover Hinebaugh has spent 31 years in the securities industry and has been registered with NYLife Securities in Lady Lake, Florida since 1994. Previous registrations include Titan/Value Equities Group in Irvine, California and NYLife Securities in New York, New York (1982-1990). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on June 8, 1994; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on June 8, 1994; and Series 1 (Registered Representative Examination), which he obtained on January 26, 1978. He is a registered broker with ten US states: Arizona, California, Colorado, Florida, Georgia, Hawaii, New York, Ohio, Pennsylvania, and Texas.

According to his BrokerCheck report, he has received two customer complaints and four denied customer complaints.

In January 2018 a customer alleged Grover Hinebaugh, while employed at NYLife Securities, recommended he sell his bond positions and purchase an unsuitable variable annuity. The customer sought $19,300 in damages in the complaint, which was denied.

In 2014 a customer alleged Grover Hinebaugh, while employed at NYLife Securities, recommended unsuitable variable universal life insurance policies. The complaint settled for more than $14,200.

In 2011 a customer alleged Grover Hinebaugh, while employed at NYLife Securities, recommended an unsuitable rollover. The complaint settled for more than $119,000.

In 2007 a customer alleged he, while employed at NYLife Securities, recommended unsuitable insurance policies. The customer sought unspecified damages in the complaint, which was denied.

In 2001 a customer alleged he, while employed at NYLife Securities, misrepresented material facts related to an annuity investment. The customer sought more than $8,400 in damages in the complaint, which was denied.

In 1999 a customer alleged he, while employed at NYLife Securities, provided unsound advice regarding a variable annuity product. The customer sought unspecified damages in the complaint, which was denied.

If you have lost money investing with Grover Hinebaugh, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.