Close Menu
Free Consultation: 888-976-6111

Vincent Grucci: FINRA Investigates Ocean Ridge Advisor

Fortune Financial Services advisor Vincent Grucci (CRD# 1602600) allegedly made misrepresentations and unsuitable recommendations, according to a recent Financial Industry Regulatory Authority investigation. FINRA records show that he is a broker based in Ocean Ridge, Florida.

According to a disclosure on Mr. Grucci’s BrokerCheck report, FINRA made a preliminary determination in September 2022 to recommend disciplinary action against him. The disciplinary action would allege violations of material misrepresentations and omissions, the unsuitable recommendation of exchange variable annuities, and failure to comply with the written policies and procedures of his member firm, Fortune Financial Services. The action remains pending.

Mr. Grucci’s BrokerCheck report also discloses one investor complaint. Filed in 2020, it alleged that as a representative of Fortune Financial Services, he recommended an unsuitable variable annuity investment. In February 2022 the complaint reached a settlement of $40,000.

According to the Financial Industry Regulatory Authority, Vincent Grucci holds 32 years of securities industry experience. Based in Ocean Ridge, Florida, he has been a broker with Fortune Financial Services since 2012. His past registrations include Keystone Capital Corporation (Ocean Ridge, Florida; 2014-2015), National Planning Corporation (Hauppage, New York; 2009-2012), North Ridge Securities Corporation (Melville, New York; 2000-2008), Northeast Securities (Mitchelfield, New York; 1997-2000),  Jaron Equities Corporation (Hicksville, New York; 1996), First Montauk Securities (Red Bank, New Jersey; 1992-1996), and Educators Financial Management (1989-1992). His credentials include the passage of four securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Direct Participation Programs Representative Examination, or Series 22; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Connecticut, the District of Columbia, Florida, Georgia, Indiana, Minnesota, New Hampshire, New York, North Carolina, South Carolina, Texas, and Wisconsin. (Information current as of September 28, 2022.)

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.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Devin Patel: Ex-Financial Gravity Advisor Receives $1.5mm Complaint

    A recent investor complaint against Tampa financial advisor Devin Patel (CRD# 6632487) alleges that his conduct resulted in seven-figure damages....

    Read More
  • Mike Hamilton: SEC Brings Charges Against Hamilton Wealth Advisor

    Fort Myers financial advisor Mike Hamilton (CRD# 2038138) allegedly may have violated the Securities Exchange Act of 1934, according to...

    Read More
  • Robert Doyle: $1 Million Complaint Against Axiom Advisor

    New York City financial advisor Robert Doyle (CRD# 2309859) recently received an investor complaint alleging his conduct resulted in million-dollar...

    Read More
  • What is reverse churning by an investment advisor?

    Churning a brokerage account refers to the excessive buying and selling of securities by a broker for the primary purpose...

    Read More
  • Previous
  • Next