Michael Grady Allegedly Recommended an Unsuitable Investment

Michael Grady (CRD #: 1392784), a broker registered with American Trust Investment Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on August 9, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On July 11, 2024, an investor alleged that Michael Grady recommended an unsuitable investment and failed to conduct his due diligence. The investor further alleged that his recommendation violated Regulation Best Interest. 

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

Background Information 

Michael Grady has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• Series 82TO Limited Representative-Private Securities Offerings 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination  
• Series 27 Financial and Operations Principal Examination 
• Series 4 Registered Options Principal Examination 
• Series 24 General Securities Representative Examination 

He is a registered broker in seven states and is a registered investment adviser in 12 states. 

During his 39 years of experience, he has registered with 14 firms. These are the five most recent: 

• American Trust Investment Services (CRD #: 3001) 
• Asset Strategies (CRD #: 104512) 
• American Trust Investment Services Advisory (CRD #: 299547) 
• LaSalle St. Investment Advisors (CRD #: 109701) 
• LCM Capital Management (CRD #: 111074) 

Kurta Law Can Help 

If you worked with Michael Grady 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.