Christopher Grano is the Subject of a Six-Figure Investor Dispute

Christopher Grano (CRD #: 2937422), a broker registered with LPL Financial, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on March 4, 2024. Keep reading if you have questions regarding his alleged conduct. 

On November 17, 2023, investors alleged that Christopher Grano recommended unsuitable investments and engaged in misrepresentation. The investor is seeking $370,000.

Unsuitable Investments

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals.

Some common violations of this rule include:

• Excessive trading, which violates the need for quantitative suitability. This means that the number of trades must suit an investor’s goals. Excessive trading is also known as “churning.” 
• Recommendations of unsuitable investment strategies. For instance, overconcentration of securities in a certain stock or sector is typically unsuitable due to the degree of risk.
• Recommendations of high-risk or illiquid investments. These investments may lead to high fees for the investor.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2020 and FINRA Rule 2111 also violate this rule. 

Background Information 

Christopher Gano has passed the following exams:

• Series 63 Uniform Securities Agent State Law Examination 
• Series 62 Corporate Securities Limited Representative Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 24 General Securities Representative Examination 

He is a registered broker in 22 states and is a registered investment adviser in New York. 

During his 25 years of experience, he has registered with eleven firms. These are the four most recent: 

• LPL Financial (CRD #: 6413)
• Cetera Investment Adviser (CRD #: 105644)
• Cetera Financial Specialists (CRD #: 10358)
• Cantella & Co. (CRD #: 13905) 

Kurta Law Can Help 

If you have worked with Christopher Gano and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.