John Richard Griep (CRD #6493143) Has a Customer Dispute Disclosure on FINRA BrokerCheck

John Richard Griep (CRD #6493143) is a broker with a customer dispute on FINRA BrokerCheck. We reviewed his BrokerCheck report on April 27, 2026. It reflects one pending customer dispute. If you invested with John Richard Griep and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

John Griep’s FINRA BrokerCheck Report reflects one pending customer dispute disclosure. A summary of the dispute is below:

On February 26, 2026, a customer alleged John Griep failed to follow instructions. The client said money was moved from a traditional IRA to cover a townhouse purchase. The client said the money should have come from a Roth IRA.

John Griep’s FINRA BrokerCheck report lists UBS Financial Services Inc. as the employing firm when the activity occurred. The complaint is pending. The report lists no product and $0 in alleged damages. It also states the amount is estimated to be more than $5,000.

Rule Summary #1: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires high standards of commercial honor and fair trade. Customer disputes about instructions can raise questions about whether account handling met those standards.

Rule Summary #2: FINRA Rule 2090 (Know Your Customer)

FINRA Rule 2090 requires firms to know key facts about each customer. It also covers account authority. Disputes about account instructions may involve how those facts were confirmed.

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, John Griep:

Is currently registered with UBS Financial Services Inc.

Has passed the Securities Industry Essentials (SIE) exam. John Griep has passed Series 7TO. He has also passed Series 66.

Was previously registered with Ameriprise Financial Services, Inc.

Kurta Law Can Help

If you have worked with John Griep and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. 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 and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. An attorney can review the facts and explain possible next steps.