Multiple GF Investment Services Clients Complain About Grant Conness

Investors are coming forward with disputes concerning securities broker Grant Christopher Conness [CRD#: 4778193, Fort Lauderdale, Florida]. Notably, the securities broker, who associated with GF Investment Services from 2009 to 2017 and who presently works for Madison Avenue Securities, indicates on Financial Industry Regulatory Authority (“FINRA”) BrokerCheck that investors filed disputes about him. Apparently, GF Investment Services clients suggest that Conness executed unreasonable and unsuitable trades which caused them to realize losses. For more on the allegations of Conness’ sales practice violations, see below.

Grant Conness Allegedly Initiates Unsuitable Real Estate Security Purchase For GF Investment Services Client

Evidently, on September 17, 2019, a GF Investment Services client filed FINRA Arbitration Claim #: 19-01952 about Grant Conness. Apparently, the client contended that Conness made unreasonable trades in the client’s account. In particular, it seems that a REIT purchase was not consistent with the client’s risk tolerance or some other aspect of the client’s investment profile. Consequently, on December 19, 2019, GF Investment Services settled this dispute by way of paying the client $4,000.

GF Investment Services Client Indicates That Conness Sold Inappropriate Alternative Investments

Apparently, on March 1, 2018, a GF Investment Services client brought FINRA Arbitration Claim #: 18-00798 to dispute Grant Conness. Mainly, the client contended that Conness failed to comply with his fiduciary responsibility. Allegedly, the securities broker also acted negligently through his recommendations of alternative investments. Supposedly, Grant sold a real estate security which did not comport with the client’s plans, risk tolerance or other criteria relating to investor suitability. For this reason, on February 1, 2019, GF Investment Services settled this client’s dispute by paying the client $10,000.

Grant Conness Allegedly Sells Unregistered Security To GF Investment Services Client

Evidently, a third client of GF Investment Services brought a complaint dated May 16, 2018 to contest Grant Conness’ advice. It appears that Conness possibly recommended unregistered securities which had caused the client to incur losses. As a result, the client asked for more than $100,000 in compensation from GF Investment Services or Conness to resolve the matter.

GF Investment Services Client Indicates That Conness Sold Inappropriate Annuity, REIT

Apparently, a fourth client of GF Investment Services contested Grant Conness via a complaint dated December 7, 2016. Allegedly, Conness sold an unsuitable annuity and REIT to the client. It is possible that the investments Conness sold may have been inappropriate because of a lack of liquidity. Consequently, the client demanded compensation from GF Investment Services or Conness. However, this matter closed on April 21, 2017 without a resolution.

Losses From GF Investment Services Securities Broker Grant Conness?

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