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Michael Gross Fined by State of Kentucky

Michael Gross (CRD #: 2941586), a broker formerly registered with Fortune Financial Services, was recently the subject of a state-level regulatory action, according to his BrokerCheck record, accessed on March 23, 2023. If you have questions about his alleged conduct as a broker, read on.

Kentucky Regulatory Action

On February 15, 2023, the State of Kentucky alleged that Michael Gross failed to correct examination issues related to the maintenance of financial records, lack of written contracts for some clients, and updates to his Uniform Application for Securities Industry Registration or Transfer (Form U-4) and Uniform Application For Investment Adviser Registration (ADV).

Michael Gross was ordered to cease and desist, engage in an undisclosed undertaking, and pay a fine of $7,400.

FINRA Rule 1122

FINRA Rule 1122 requires brokers to keep their membership and registration documentation up-to-date and to correct any inaccuracies or misleading information in a timely manner.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Michael Gross has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

He has also worked for the following firms:

  • Fortune Financial Services (CRD#:42150)
  • Private Client Services (CRD#:120222)
  • Roosevelt Equity Corporation (CRD#:6004)
  • Cambridge Investment Research (CRD#:39543)
  • MetLife Securities (CRD#:14251)
  • Metropolitan Life Insurance Company (CRD#:4095)
  • Foresters Equity Services (CRD#:18464)
  • Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
  • NatCity Insurance Services (CRD#:16989)
  • NatCity Investments (CRD#:17490)

Kurta Law Can Help

If you worked with Michael Gross 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 and 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. 

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