IRWIN LLOYD GROSS

IRWIN LLOYD GROSS is currently employed as a Broker and/or Investment Adviser at COMMONWEALTH FINANCIAL NETWORK located at 2200 North Commerce Parkway, SUITE 202, WESTON, FL, 33326.

IRWIN LLOYD GROSS has worked at COMMONWEALTH FINANCIAL NETWORK since April 01, 2008

Disclosure History

IRWIN LLOYD GROSS has 3 Disclosure Event(s).

Date: July 25, 2017
Category: Customer Dispute
Allegations: Former clients allege advisors placed them in unsuitable investments and overcharged management fee.
Broker Comment: The adviser adamantly denies that any recommendations were unsuitable. Further, the clients made money on their portfolios. There was a minor discrepancy with respect to fees charged on two of the clients' eight accounts, for which the advisor has offered to reimburse the clients. Additionally, countless hours were spent working on estate planning and other financial matters without additional compensation.

Date: December 29, 2010
Category: Customer Dispute
Allegations: CUSTOMER ALLEGES REPRESENTATIVE SOLD INTEREST IN LIMITED PARTNERSHIP AS A SAFE CHOICE WITH VIRTUALLY NO RISK
Damage Amount Requested: $250,000.00
Broker Comment: THE REPRESENTATIVE WAS NOT A NAMED PARTY IN THEARBITRATION, BUT FINRA RULES REQUIRE DISCLOSURE. A PANEL OF THREE ARBITRATORS DENIED THE CLAIMANT'S CLAIMS IN THEIR ENTIRETY. THE ARBITRATORS DID NOT AWARD CLAIMANT ANY MONETARY COMPENSATION. THE ARBITRATORS DID NOT FIND ANY WRONGDOING BY THE REPRESENTATIVE.

Date: April 22, 2010
Category: Regulatory
Initiated By: COMMISSIONER OF INSURANCE OF THE STATE OF FLORIDA
Allegations: IRWIN GROSS COMPLETED A SUFFICIENT VOLUME OF HOURS TO MEET HIS REQUIREMENT, BUT DID NOT COMPLETE A SPECIFIED 3 HOUR ETHICS COURSE FOR THE 12/31/2009 COMPLIANCE PERIOD.
Resolution: Consent SanctionDetails:
Sanctions: Civil and Administrative Penalty(ies)/Fine(s) SanctionDetails:
Amount: $250.00
Broker Comment: UPON NOTIFICATION OF HIS OUTSTANDING REQUIREMENTS, IRWIN GROSS IMMEDIATLEY TOOK THE REQUIRED COURSE TO BE IN COMPLIANCE.

More Information

All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.

A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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