SETH ERIK GRANO is currently employed as a Broker and/or Investment Adviser at CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC. located at 2393 Townsgate Rd, Ste 101, Westlake Village, CA, 91361.
SETH ERIK GRANO has worked at CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC. since February 11, 2016
SETH ERIK GRANO is also currently employed as a Broker and/or Investment Adviser at CAMBRIDGE INVESTMENT RESEARCH, INC. located at 2393 TOWNSGATE ROADSUITE 101, WESTLAKE VILLAGE, CA, 91361 since November 02, 2016
SETH ERIK GRANO is also currently employed as a Broker and/or Investment Adviser at HUB INTERNATIONAL INVESTMENT SERVICES INC. located at 2300 CLAYTON ROAD, SUITE 300, CONCORD, CA, 94520 since September 02, 2016
Disclosure History
SETH ERIK GRANO has 5 Disclosure Event(s).
Date: March 18, 2013 Category: Customer Dispute Allegations: ALLEGATIONS INCLUDE MISREPRESENTATION, VIOLATION OF FIDUCIARY DUTY, WRONGFUL CONDUCT AND UNSUITABILITY IN THE INVESTMENT PURCHASED IN AUGUST 2008. Damage Amount Requested: $50,000.00 Settlement Amount: $15,000.00 Broker Comment: THIS WAS A COST OF DEFENSE SETTLEMENT, WITH THE CLIENT SETTLING FOR LESS THAN THE PROJECTED LEGAL COSTS. THE REPRESENTATIVE DENIES ALL LIABILITY. THE REPRESENTATIVE REFERENCES FINRA DISCIPLINARY PROCEEDING #2009018819001, WHEREIN THE PRINCIPALS OF HIS BROKER-DEALER AT THE TIME (COMMUNITY BANKERS SECURITIES) WERE FOUND TO BE CONCEALING MATERIAL INFORMATION REGARDING MISSED PAYMEnts AND OTHER PROBLEMS RELATING TO THE NOTE ISSUER. THE PRINCIPALS CONCEALED THIS INFORMATION FROM BOTH CLIENTS AND THEIR OWN BROKERs /REGISTERED REPRESENTATIVES. HAD THIS INFORMATION BEEN Appropriately MADE AVAILABLE TO THE REPRESENTATIVE RATHER THAN Withheld BY THE PRINCIPALS IN CHARGE, THE REPRESENTATIVE WOULD NEVER HAVE OFFERED THE PRODUCT FOR SALE AT ALL.
Date: July 17, 2012 Category: Financial Type: Compromise Disposition: Satisfied/Released Broker Comment: Due to the severe economic and housing downturn, conducted a short sale on the property after all other options were exhausted
Date: July 10, 2012 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT THE REPRESENTATIVE DID NOT FULLY EXPLAIN THE AGE IMPACTS OF THE GUARANTEED WITHDRAWAL RIDER DURING THE PERIOD BETWEEN MARCH 2007 TO THE PRESENT. Damage Amount Requested: $11,025.00 Damages Granted: $11,025.00 Broker Comment: "THIS INVESTMENT WAS AN UNSOLICITED ORDER AND NOT RECOMMENDED BY THE REPRESENTATIVE. CLIENTS HAD PURCHASED SEVERAL VARIABLE ANNUITIES PREVIOUSLY AND WERE WELL-VERSED IN THE STRUCTURE AND KNOWLEDGEABLE ABOUT THEIR RIDERS. THE RESULT OF THIS ARBITRATION IS SUCH THAT THE CLIENTS HAVE RECEIVED THE SAME MONEY TWICE ON AN INVESTMENT THEY DIRECTED THE REPRESENTATIVE TO PURCHASE."
Date: March 22, 2011 Category: Customer Dispute Allegations: FROM 11/2006 TO 12/2007, CLIENT INVESTED FUNDS IN VARIOUS COMPANIES AND PROGRAMS THAT SHE NOW ALLEGES WERE UNSUITABLE. Damage Amount Requested: $183,301.00 Settlement Amount: $100,000.00 Broker Comment: OVER THE COUrse OF A YEAR OF INVESTING, CLIENT MOVED STEADILY TOWARDS INCOME PRODUCTION FOR THE INVESTMENTS AT ISSUE. I FULLY INFORMED HER OF EACH INVESTMENT RISKS AND ILLIQUIDITY. SHE ACKNOWLEDGES RECEIPT OF ALL OFFERING MATERIALS. SHE SIGNED NO FEWER THAN 11 DISCLOSURES ACKNOWLEDGING THE RISKS AND ILLIQUIDITY OF THESE INVESTMENTS, INCLUDING TWO LETTERS WHERE SHE ACKNOWLEDGES THAT BOTH MYSELF AND MULTI-FINANCIAL RECOMMENDED AGAINST THE LEVELS OF CONCENTRATION SHE DESIRED. SHE MADE NO COMPLAINT ABOUT THE INVESTMENTS UNTIL THEY LOST VALUE IN THE WAKE OF THE ECONOMIC COLLAPSE. ALL OF THE INVESTMENTS CONTINUE TO PAY REGULAR INTEREST PAYMENTS. BASED ON THE STRENGTH OF OUR CASE AND THE OVERWHELMING DOCUMENTATION WE HAD IN SUPPORT OF OUR POSITION, BOTH MYSELF AND MULTI-FINANCIAL WANTED TO PROCEED TO AN ARBITRATION. HOWEVER, THE E&O INSURANCE CARRIER HAD ESTIMATED THE TOTAL LEGAL COSTS NECESSARY TO GO THROUGH THE ARBITRATION, and THE CLAIMANT SETTLED FOR SIGNIFICANTLY LESS THAN THE PROJECTED AMOUNT. AS SUCH, I AM TOLD IT WAS A SIMPLE BUSINESS DECISION ON THE PART OF THE INSURANCE CARRIER TO SETTLE THE CASE. I WOULD HAVE STILL PREFERRED TO GO TO ARBITRATION AND AM CONFIDENT WE WOULD HAVE PREVAILED. THIS WAS NOT MY DECISION.
Date: April 06, 2009 Category: Customer Dispute Allegations: CLIENT ALLEGES MISREPRESENTATION REGARDING HER INVESTMENTS. PER MULTI FINANCIAL - FIRM UNABLE TO DETERMINE DAMAGES Broker Comment: REPRESENTATIVE INDICATES ENTIRE PORTFOLIO TO DATE HAS A NET GAIN. REPRESENTATIVE FEELS CLAIMS ARE UNSUBSTANTIATED. DAMAGES CANNOT BE DETERMINED.
More Information
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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.
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