Michael Grembi Allegedly Failed to Fully Disclose Fees

Michael Grembi (CRD #: 6297449), a broker registered with Principal Securities, allegedly failed to fully inform a client, according to his BrokerCheck record, accessed on May 15, 2025. Keep reading to learn more about his alleged conduct as a broker.

Investor Dispute

On March 25, 2025, an investor alleged that Michael Grembi failed to fully disclose fees, charges, and expenses. The client sought $60,000 in damages, but the firm denied the dispute.

However, investors should know that firms can deny disputes without an external review. It’s still possible to recover damages following a denial and investors may want to pursue FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent tactics to influence the purchase and sale of securities. This includes the misrepresentation or omission of material facts, which include an investment’s fees, expenses, and risks.

Background Information

Michael Grembi has passed the following exams:

• General Securities Principal Examination – Series 24
• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Uniform Combined State Law Examination – Series 66

Michael Grembi is a registered broker in Florida, Massachusetts, Ohio, Pennsylvania, and West Virginia. He is also a registered investment adviser in Pennsylvania.

He has also worked for the following firms:

• Pruco Securities (CRD#:5685)
• Prudential Financial Planning Services (CRD#:5685)
• Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
• Advice and Planning Services (CRD#:20472)
• TIAA-CREF Individual & Institutional Services (CRD#:20472)

Kurta Law Can Help

If you worked with Michael Grembi 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 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.