Investors potentially experienced sales practice violations by securities broker Derek Amron Grimm [CRD: 3000890, Winter Park, Florida], based on publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Grimm worked for Merrill Lynch from February 18, 2010, to August 31, 2022, before joining RBC Capital Markets LLC on August 30, 2022. Readers should continue reviewing this article to find out more about disclosures involving Grimm.
Evidently, on September 25, 2025, a Merrill Lynch client filed FINRA Arbitration No. 25-01996 about Derek Grimm. Primarily, the client alleged that Grimm made misrepresentations and omissions and recommended unsuitable investments. Because of this, the client allegedly experienced damages on stocks, mutual funds, and real estate investment trusts (REITs). Consequently, the client requested compensation from Merrill Lynch or Grimm. BrokerCheck shows that this arbitration is pending a resolution.
The client also brought a claim against RBC Capital Markets Corporation, seeking $100,000 in compensation for alleged unsuitable recommendations in equities.
Misrepresentations and omissions involve allegations that a securities broker or financial advisor provided inaccurate information or failed to disclose important facts about investments. Breach of fiduciary duty involves allegations that a financial professional failed to act in the client’s best interest, including by placing personal or firm interests ahead of the investor’s financial goals and risk tolerance. Investors rely on financial professionals to provide complete and accurate information before making investment decisions.
Are you concerned about investments you made through Derek Grimm? You can contact Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney about a potential recovery of your investment losses. Soreide Law Group has recovered losses for individuals throughout the country. Also, our securities lawyers work on a contingency fee basis and advance all costs. Grimm and brokerage firms Grimm worked for deny allegations of sales practice violations.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
Phone:
Fax: 1-954-760-6553
Email: [email protected]