Kevin Richard Graetz, of New York, New York, a stockbroker currently registered with Paulson Investment Company LLC, has been named in a customer initiated investment related written complaint on December 22, 2016, in which the customer requested $1,000,000.00 in damages based upon allegations that Graetz sold away from his firm, and made fraudulent omissions and misrepresentations concerning the customer’s investment in a promissory note.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Graetz has been named in six additional customer initiated investment related disputes containing allegations of Graetz’s misconduct while employed with Advanced Equities, Inc., Maxim Group LLC, and H.C. Wainwright & Co., Inc. Specifically, on December 18, 2001, a customer filed an investment related written complaint involving Graetz’s conduct, in which the customer requested $185,000.00 in damages based upon allegations that Graetz bought and sold options in the customer’s account without the customer’s permission.
Subsequently, between August 26, 2004, and August 30, 2004, two customer initiated investment related written complaints regarding Graetz’s activities were resolved for a total of $90,000.00 in damages based upon allegations that Graetz mishandled the customers’ investment accounts containing over-the-counter equity holdings. Moreover, on August 19, 2005, a customer initiated investment related written complaint regarding Graetz’s conduct was resolved for $9,000.00 in damages based upon allegations that Graetz overconcentrated the customer’s investments in stock, and effected unsuitable transactions in the customer’s account.
Additionally, on March 20, 2007, a customer filed an investment related written complaint involving Graetz’s conduct, in which the customer requested $70,000.00 in damages based upon allegations that Graetz effected the purchase of ING shares in the customer’s account that were not suitable for the customer based on the customer’s stated investment objectives. On January 31, 2012, another customer filed an investment related written complaint regarding Graetz’s activities, in which the customer requested $1,650,000.00 in damages based upon allegations that Graetz violated sales practices in reference to the customer’s private placement investments.
Since February 4, 1991, Graetz has been associated with thirteen different broker dealers, eight of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.
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