FINRA Suspends Tony Graybeal Indefinitely

Tony Graybeal (CRD #: 2605538), a broker formerly registered with Wells Fargo Clearing Services, has been suspended by FINRA, according to his BrokerCheck record, accessed on August 24, 2025. Read on if you want to know more about his alleged conduct as a broker.

FINRA Suspension

On July 2, 2025, Tony Graybeal received a Letter of Suspension alleging that he failed to comply with an arbitration award/settlement agreement or to adequately respond to a FINRA request for information as to the status of compliance.

These allegations were made in relation to a dispute filed by Wells Fargo Clearing Services. The firm alleged that Tony Graybeal failed to repay a promissory note dated August 15, 2018. An arbitration award made Tony Graybeal liable for $224,992.66 in damages, plus interest of 5.91% per annum from March 18, 2022, through March 1, 2024. You can access a copy of the award here.

Tony Graybeal’s suspension will continue until the required payment is made or the debt is discharged.

Article VI, Section 3 of FINRA By-Laws

Article VI, Section 3 of FINRA By-Laws allows FINRA to suspend or cancel the membership of any member who fails to comply with arbitration awards or settlement agreements.

FINRA Rule 9554

FINRA Rule 9554 penalizes brokers for failing to comply with arbitration awards or settlements by suspending or canceling their registration. Brokers can request a hearing within 21 days, after which their suspension or cancellation becomes final.

Background Information

Tony Graybeal has passed the following exams:

• General Securities Sales Supervisor Examination (Options Module & General Module) – Series 8
• Securities Industry Essentials Examination – SIE
• Futures Managed Funds Examination – Series 31
• General Securities Representative Examination – Series 7
• Municipal Securities Representative Examination – Series 52
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination – Series 63

In the past, he has worked for the following firms:

• Wells Fargo Clearing Services (CRD#:19616) 
• SunTrust Investment Services (CRD#:17499)
• Allstate Financial Services (CRD#:18272)
• Sigma Financial Corporation (CRD#:14303)
• CUSO Financial Services (CRD#:42132)
• Raymond James Financial Services (CRD#:6694)
• Robert Thomas Securities (CRD#:10147)
• Dean Witter Reynolds (CRD#:7556)
• Olde Discount Corporation (CRD#:5979) 

Kurta Law Can Help

If you worked with Tony Graybeal 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.