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Johnathan Grasser Allegedly Engaged in an Undisclosed Outside Business

Johnathan Grasser (CRD #: 6197393) has been terminated by Farmers Financial Solutions. This is according to his BrokerCheck record, accessed on January 12, 2024. Keep reading if you have questions regarding his alleged conduct. 

On December 13, 2023, Farmers Financial Solutions fired Johnathan Grasser following allegations that he failed to report an outside business activity. He also allegedly refused to sign and acknowledge the Letter of Caution for late reporting after the firm declined to approve the outside business. 

He does not have any outside businesses reported on his detailed BrokerCheck record

Outside Business and Selling Away

FINRA Rule 3270 requires brokers to inform their firm of any outside business activities or any investments sold away from the firm. The brokerage firm may prohibit the activity if the firm believes the proposed activity may compromise the broker’s duties. Firms may also require brokers to seek approval of any outside business.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of outside businesses and firm policies also violate this rule. 

Background Information 

Johnathan Grasser 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 

Kurta Law Can Help 

If you have worked with Johnathan Grasser and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.