The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Jeffrey Grayson. According to his publicly available FINRA BrokerCheck report, Jeffrey Grayson has been the subject of multiple customer disputes.

Jeffrey Grayson was a New Jersey based securities broker. He worked in the securities industry for thirty-five years. During his career, he was registered with six different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • Gibraltar Securities (1981-1999)
  • Tucker Anthony Incorporated (1999-2002)
  • RBC Dain Rauscher (2002)
  • J.B. Hanauer & Co. (2002-2009)
  • RBC Capital Markets (2009-2011)
  • Wells Fargo Advisors (2011-2016)

The Allegations

  • In March 1993, a customer alleged that Jeffrey Grayson committed fraud, engaged in deceitful behavior, breached his fiduciary duty, managed their account negligently, and breached contract. This case was settled for $60,000 in damages.
  • In May 1995, customers alleged that Jeffrey Grayson purchased an unsuitable limited partnership investment on their behalf. This case was settled for $56,000 in damages.
  • In February 2016, customers alleged that Jeffrey Grayson invested them in unsuitable oil and gas stocks. This case was settled for $90,000 in damages.
  • In August 2016, a customer alleged that Jeffrey Grayson executed unauthorized trades. They also alleged that the commissions Grayson charged were far too high. This case was settled for $37,500 in damages.
  • In October 2016, a customer alleged that Jeffrey Grayson made material misrepresentations and recommended unsuitable investments. This case was settled for $83,000 in damages.
  • In June 2017, a customer alleged that Jeffrey Grayson made material misrepresentations, recommended unsuitable investments, breached the duty of fair dealing, and more. This case went to arbitration where the customer was awarded $50,000 in damages.
  • In December 2017, a customer alleged that Jeffrey Grayson over-concentrated his portfolio in unsuitable investments. This case was settled for $25,000 in damages.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Jeffrey Grayson, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.