FINRA Barred New Jersey Broker Over Promissory Note and Theft from Safe Deposit Box

Soreide Law Group, (888) 760-6552, obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, August, 2013.”

Steven Bruce Grunwerg (CRD #2670062, Registered Representative, East Windsor, New Jersey)

barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Steven Grunwerg consented to the described sanction and to the entry of findings that he executed a promissory note with a member firm customer, in the amount of $30,000.

FINRA's found that the note acknowledged a pre-existing debt of $80,000 and further stated that $50,000 had already been repaid. After Steven Grunwerg’s firm learned of the promissory note, it permitted him to resign. On the same day, Grunwerg told a customer of his firm’s bank affiliate during the last three months, he had removed $65,000 from her safe deposit box without authorization and for his own personal use.
(FINRA Case #2012032630801)

Steven Bruce Grunwerg was previously registered with FINRA at the following brokerage firms:

WELLS FARGO ADVISORS, LLC
CRD# 19616
WESTFIELD, NJ
10/2000 - 05/2012

FIRST UNION BROKERAGE SERVICES, INC.
CRD# 8112
CHARLOTTE, NC
11/1995 - 10/2000

This ends the information from FINRA’s website.

If you have experienced investment losses call Soreide Law Group for a free consultation on how to potentially recover your losses: 888-760-6552.

Soreide Law Group, (888) 760-6552, obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, August, 2013.”

Steven Bruce Grunwerg (CRD #2670062, Registered Representative, East Windsor, New Jersey)

barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Steven Grunwerg consented to the described sanction and to the entry of findings that he executed a promissory note with a member firm customer, in the amount of $30,000.

FINRA's found that the note acknowledged a pre-existing debt of $80,000 and further stated that $50,000 had already been repaid. After Steven Grunwerg’s firm learned of the promissory note, it permitted him to resign. On the same day, Grunwerg told a customer of his firm’s bank affiliate during the last three months, he had removed $65,000 from her safe deposit box without authorization and for his own personal use.
(FINRA Case #2012032630801)

Steven Bruce Grunwerg was previously registered with FINRA at the following brokerage firms:

WELLS FARGO ADVISORS, LLC
CRD# 19616
WESTFIELD, NJ
10/2000 - 05/2012

FIRST UNION BROKERAGE SERVICES, INC.
CRD# 8112
CHARLOTTE, NC
11/1995 - 10/2000

This ends the information from FINRA’s website.

If you have experienced investment losses call Soreide Law Group for a free consultation on how to potentially recover your losses: 888-760-6552.