Grant Conness (CRD #: 4778193), an investment adviser registered with Global Wealth Management Invest Advisory, is involved in a client dispute regarding unsuitable investment recommendations, according to his BrokerCheck record, accessed on October 28, 2020. This is not the first allegation of an unsuitable investment — concerned investors should keep reading.
On September 8, 2020, a client alleged that Mr. Conness made unsuitable investment recommendations. The client further alleged that Grant Conness breached his fiduciary duty, breached his contract, and was negligent. The client is seeking $100,000; the dispute is pending.
On September 17, 2019, a client alleged that Grant Conness recommended an unsuitable Real Estate Investment Trust (REIT). REITs are notoriously complex and not suitable for many investors. The client sought $51,000; the dispute settled for $4,000.
On October 24, 2018, a client alleged that Mr. Conness violates multiple sales practice rules. The client sought $100,001; the dispute settled for $15,000.
On March 1, 2018, a client alleged that Grant Conness breached his fiduciary duty and was negligent when he recommended the sale of an alternative investment. The client sought $100,000; the dispute settled for $10,000.
On December 7, 2016, a client alleged that Grant Conness recommended an unsuitable REIT. The client sought $5,000; the dispute was closed with no action.
Grant Conness has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, and the Series 7 General Securities Representative Examination. Mr. Conness is a registered broker in Arizona, California, Connecticut, D.C., Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Texas, and West Virginia. He is a registered investment adviser in Texas.
During his 16 years of experience, Grant Conness has worked at the following firms:
- Global Financial Private Capital (CRD #: 132070)
- G.F. Investment Services (CRD #: 132939)
- Pacific West Securities, Inc. (CRD #: 6390)
- Costa Financial Securities (CRD #: 45039)
- SII Investments Inc (CRD #: 2225)
If Grant Conness was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys at Fitapelli Kurta. Call (877) 238-4175 or email firstname.lastname@example.org for a free case consultation with a securities attorney.