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Christopher Grano: $370K Complaint Against Ex-Cetera Advisor

A recent investor complaint against Islandia, New York financial advisor Christopher Grano (CRD# 2937422) alleges that his investment advice resulted in damages exceeding $300,000. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with LPL Financial, doing business as The Grano Group.

Mr. Grano’s BrokerCheck report discloses three investor complaints. The most recent, filed in November 2023, alleges that as a Cetera Financial representative, he made unsuitable investment recommendations, acted negligently, and made made misrepresentations of material facts. The pending complaint alleges damages of $370,000.

A second investor complaint, filed in 2005, alleged that as a Brookstreet Securities Corporation executive, he made unauthorized trades. The complaint reached a settlement of $4,900.

A third investor complaint, filed in 1999, alleged that as a representative of Josephthal & Company, he conducted unauthorized transactions and failed to follow instructions. In 2000 the complaint reached a settlement of $42,055.29.

In statements included with each of the settled complaints’ disclosures, Mr. Grano defended himself against the allegations. “I was named in the above complaint but felt the claim was without merit,” he wrote. “Its [sic] was settled by the brokerage firm with no contribution from myself.”

Other current or former Cetera advisors to receive investor complaints include Andrew Lofton, Ryan Wiese, Charlotte McConnell, Dave Hutchinson, Stephen Lawler, and Enkofi John.

According to the Financial Industry Regulatory Authority, Christopher Grano holds 25 years of securities industry experience. Based in Islandia, New York, he has been a broker and an investment advisor with LPL Financial since 2022, doing business as The Grano Group. His past registrations include Cetera Financial, Cantella & Company, Brookstreet Securities Corporation, Wedbush Morgan Securities, Delta Equity Services Corporation, Investec Ernst & Company, Josephthal & Company, First Liberty Investment Group, and DL Cromwell Investments. His credentials include the passage of five securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Corporate Securities Limited Representative Examination, or Series 62; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Nevada, New Hampshire, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, and South Carolina. (Information current as of December 15, 2023.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

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