Andrew Anthony Grezaffi III (CRD #4810166) Has a Customer Dispute Disclosure on FINRA BrokerCheck

Andrew Anthony Grezaffi III (CRD #4810166) is a broker with a customer dispute on FINRA BrokerCheck. We reviewed his BrokerCheck report on May 5, 2026. It reflects one customer dispute. If you invested with Andrew Grezaffi and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Andrew Grezaffi’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute is below:

On March 10, 2026, a customer dispute was reported as pending. The plaintiff alleged Andrew Grezaffi breached fiduciary duties tied to the sale of several land parcels to another party. Andrew Grezaffi’s FINRA BrokerCheck lists the product as Other: Real Estate. The report shows alleged damages of $0. It says no amount was stated, but the matter was determined to exceed $5,000. Andrew Grezaffi’s FINRA BrokerCheck says the civil litigation was filed on March 8, 2026. The court is the 20th Judicial District Court for Parish of West Feliciana. It lists the docket number as 00025472. The litigation remains pending.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for a recommendation. The broker must consider the customer’s profile. That profile can include investment goals, risk tolerance, liquidity needs, and time horizon.

Rule Summary #2: FINRA Rule 2010

FINRA Rule 2010 requires high standards of commercial honor. It also requires just and equitable principles of trade. Customer disputes can raise questions about whether conduct met that standard.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Andrew Grezaffi:

Is currently registered with KG Capital Management, LLC and Purshe Kaplan Sterling Investments.

Has passed the Securities Industry Essentials (SIE) exam. Andrew Grezaffi has passed Series 99TO, Series 7, and Series 6. He has also passed Series 65 and Series 63.

Was previously registered with firms that include Brokersxpress LLC and OneAmerica Securities, Inc.

Kurta Law Can Help

If you have worked with Andrew Grezaffi and you have concerns, Kurta Law may be able to help. A securities attorney can assess potential causes of action. The attorney can also review whether losses may be recoverable through FINRA arbitration or other avenues. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | What is Securities Fraud

For nearly 20 years, Kurta Law has advocated for investors. The firm helps hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts. The attorney can also explain possible next steps.