Richard Allen Grenda of Downers Grove Illinois a stockbroker formerly employed by MML Investors Services LLC is the subject of a customer initiated investment related arbitration claim where the customer requested $74,253.55 in damages based upon accusations that misrepresentations had been made to the customer about the terms and conditions of a variable annuity purchased by the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Grenda has been identified in two additional customer initiated investment related disputes pertaining to accusations of Grenda’s violative conduct while employed with MetLife Securities and Prudential Insurance Company. Specifically, a customer initiated investment related complaint concerning Grenda’s activities was resolved for $105,291.00 in damages founded on allegations that while Grenda was associated with Prudential Insurance Company, the customer was not provided an insurance policy that aligned with the customer’s needs.
Thereafter, on January 21, 2014, a customer initiated investment related complaint regarding Grenda’s conduct was settled for $20,093.44 in damages based upon accusations that Grenda made false or misleading representations in reference to the customer’s variable annuity purchase.
Grenda has been registered with MML Investors Services LLC since March 25, 2017.
Independent Financial Broker Barred For Failure To Cooperate
Robert S. Jamison II of Atlanta Georgia a stockbroker formerly registered with Independent Financial Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Jamison’s consent to findings that he failed to cooperate with FINRA personnel during an investigation into Jamison possibly selling away from Independent Financial Group.
According to the AWC, Jamison provided recorded testimony for FINRA personnel on February 22, 2018 in regard to Jamison’s possible private securities transactions. Apparently, FINRA then learned that Jamison possibly referred customers to an unlicensed person who made unsuitable recommendations or trades of securities with the customers’ funds.
The AWC stated that on November 20, 2018, Jamison was asked by FINRA to make another appearance and testify in regard to the allegations of his misconduct. However, the following day, Jamison e-mailed FINRA personnel to indicate that he understood FINRA’s request but would at no point cooperate with testimony request. FINRA concluded that Jamison’s conduct was violative of FINRA Rules 2010 and 8210.
Jamison’s registration with Independent Financial Group, LLC was terminated on May 30, 2017.
