Michael Greben: Complaints Against Greben Wealth Management Advisor

Owings Mills, Maryland broker Michael Greben (CRD# 2547477) has received investor complaints alleging his actions resulted in six-figure losses. Financial Industry Regulatory Authority records show that he is a broker and investment advisor with LPL Financial, doing business as Greben Wealth Management.

Mr. Greben’s BrokerCheck report discloses two investor complaints against him. The most recent, filed in April 2022, alleges that as a representative of J.P. Turner & Company, he over-concentrated the claimants’ savings in alternative investments in real estate securities. The complaint alleges further that he made misrepresentations regarding these investments. The pending complaint alleges damages of $100,000.

An earlier complaint, filed in March 2022, alleges that as a representative of J.P. Turner & Company, he recommended alternative investments that were unsuitable for the customer’s investment objectives and risk tolerance. The pending complaint alleges damages of $100,001.

In a statement on each of the above disclosures, Mr. Greben denied “all” the alleged misconduct. “The investments at issue were a suitable component of the customers overall portfolio,” he wrote.

According to the Financial Industry Regulatory Authority, Michael Greben holds 26 years of securities industry experience. Based in Owings Mills, Maryland, he is a broker and investment advisor with LPL Financial, doing business as Greben Wealth Management. His past registrations include J.P Turner & Company (Owings Mills, Maryland; 2002-2015), Global Capital Securities Corporation (Englewood, Colorado; 2000-2002), Northridge Capital Corporation (Melville, New York; 1999-2001), Zeus Securities (Boca Raton, Florida; 1999), Milestone Financial Services (Bohemia, New York; 1998-1999), Birchtree Financial Services (Minneapolis, Minnesota; 1998), Legg Mason Wood Walker (Baltimore, Maryland; 1996-1997), and Olde Discount Corporation (Detroit, Michigan; 1994-1996). His credentials include the passage of five securities industry qualifying examinations: the General Securities Principal Examination, or Series 24; the Uniform Combined State Law Examination, or Series 66; the General Securities Representative Examination, or Series 7; the Uniform Securities Agent State Law Examination, or Series 63; and the Securities Industry Essentials Examination, or SIE. He holds 23 state licenses: Arkansas, California, Colorado, Delaware, the District of Columbia, Florida, Georgia, Hawaii, Maryland, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, and West Virginia. (Information current as of June 12, 2022.)

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