Gretchen Hargroder Named in Dispute Alleging Unauthorized Withdrawals

Gretchen Hargroder (CRD #: 2551513), a broker registered with UBS Financial Services, is involved in a pending dispute, according to her BrokerCheck record, accessed on June 22, 2023. If you have questions about her alleged conduct as a broker, read on.

Investor Dispute

On April 18, 2023, an investor named Gretchen Hargroder in allegations that their son, who also holds power of attorney, was allowed to make several unauthorized withdrawals from their accounts. The client further alleges a failure to follow safeguards to prevent the financial exploitation of the elderly.

This misconduct allegedly took place between February 2021 and February 2022. The client seeks $210,500 in damages in this pending dispute.

FINRA Rule 3260

FINRA Rule 3260 limits brokers to exercising their trading discretion in pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm.

FINRA Rule 2165

FINRA Rule 2165 prohibits the financial exploitation of elderly clients and clients with certain mental or physical impairments.

Background Information

Gretchen Hargroder has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination
• Series 10 – General Securities Sales Supervisor – General Module Examination
• Series 9 – General Securities Sales Supervisor – Options Module Examination

Gretchen Hargroder is a registered broker in 17 states and a registered investment adviser in Texas.

She has also worked for the following firms:

• Washington Square Securities (CRD#:2882)
• MML Investors Services (CRD#:10409)
• Mony Securities Corporation (CRD#:4386)

Kurta Law Can Help

If you worked with Gretchen Hargroder 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.