Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on December 19, 2017 indicate that Indiana-based Raymond James Financial Services broker/adviser Matthew Grabbe has been sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Grabbe (CRD# 5294056).
Matthew Grabbe has spent ten years in the securities industry and has been registered with Raymond James Financial Services in Fort Branch, Indiana since August 2016. He was previously registered with JJB Hilliard WL Lyons in Princeton, Indiana. He has passed four securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on March 29, 2007; Series 7 (General Securities Representative Examination), which he obtained on March 9, 2007; Series 10 (General Securities Sales Supervisor – General Module Examination), which he obtained on November 29, 2016; and Series 9 (General Securities Sales Supervisor – Options Module Examination), which he obtained on September 19, 2016. He is a registered broker and investment adviser with nine US states and territories: Alabama, Arizona, Florida, Illinois, Indiana, Kentucky, Ohio, Tennessee, and Washington.
According to his BrokerCheck report, he was recently sanctioned by FINRA.
In November 2017 FINRA sanctioned him following allegations he effected discretionary transactions in his member firm clients’ 401(k) accounts held at other financial institutions without providing prior written notification to his firm or to those other financial institutions. FINRA’s findings noted that he had no financial interest in these 401(k) accounts, but his customers gave him discretionary authority and allowed him to access their online accounts with their login credentials and passwords. He was issued a fine of $7,500 and a ten-day suspension from association with any FINRA member in all capacities.
If you or someone you know has a complaint regarding Matthew Grabbe, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.