Robert Grenus Allegedly Recommended Unsuitable Oil and Gas Investment

Robert Grenus (CRD #: 2195781), a broker registered with LPL Financial, allegedly recommended an unsuitable investment, according to his BrokerCheck record, accessed on July 16, 2022. Investors may also have worked with Robert Grenus through Integrated Wealth Concepts. Keep reading if you have questions about Robert Grenus’ conduct as a broker.

Investor Disputes

On May 19, 2022, an investor filed a dispute alleging Robert Grenus made an unsuitable recommendation of an oil and gas investment. This dispute is currently pending.

On April 29, 2022, investors alleged that Robert Grenus, while employed by Lincoln Financial Advisors, made misrepresentations related to limited partnership investments they purchased in 2015. This dispute was denied by the firm.

However, investors should be aware that firms can deny disputes without an outside review. Investors can still seek out FINRA arbitration following a denial and potentially recover their losses.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must take into account the information described in an investor’s profile, such as their risk tolerance, tax status, and other investments.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 bans the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase or sale of securities.

Background Information

Robert Grenus 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
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Robert Grenus is a registered broker in 19 states and a registered investment adviser in Connecticut and Louisiana.

He has also worked for the following firms:

• Lincoln Financial Advisors (CRD#:3978)
• The Lincoln National Life Insurance Company (CRD#:2580)
• VeraVest Investment Advisors (CRD#:105796)
• VeraVest Investments (CRD#:3960)

Kurta Law Can Help

If you worked with Robert Grenus 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.