Cory Grandel Allegedly Gave Unsuitable Investment Recommendations

Cory Grandel (CRD #: 2817226), a broker registered with LPL Financial, was the subject of a recent investor dispute, according to his BrokerCheck record, accessed on December 27, 2022. Keep reading to learn more about his alleged conduct as a broker.

Investor Dispute

On October 27, 2022, an investor alleged that Cory Grandel recommended unsuitable investments. This dispute was denied by the firm.

Investors should be aware, however, that firms don’t need to permit an external review before denying a dispute. Investors may be able to recover their losses by pursuing FINRA arbitration after a denial.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Financial goals
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status

Investors who believe they lost money as a result of unsuitable recommendations may be able to recover their losses through FINRA arbitration. 

Background Information

Cory Grandel has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Cory Grandel is a registered broker in 10 states and a registered investment adviser in Florida, Ohio, Pennsylvania, and West Virginia.

He has also worked for Waddell & Reed (CRD#:866).

Kurta Law Can Help

If you worked with Cory Grandel and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.