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Mark Grueninger Involved in a Line of Credit Dispute

Mark Grueninger (CRD #: 3031348), a broker registered with UBS Financial Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on October 11, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On July 10, 2024, an investor alleged that Mark Grueninger allowed the investors’ former Certified Public Accountant to exceed the scope of his Power of Attorney resulting in his use of the Claimant’s line of credit resulting in losses. 

The investor is seeking $1,885,552. 

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Allowing the use of an investor’s line of credit may violate this rule. 

Background Information 

Mark Grueninger has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in eight states and is a registered investment adviser in California and Texas. 

During his 22 years of experience, Mark Grueninger has registered with three firms:

  • UBS Financial Services (CRD #: 8174) 
  • Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
  • Banc of America Investment Services (CRD #: 16361) 

Kurta Law Can Help 

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

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