Our firm is investigating Raymond James financial advisor and broker Matthew Dale Grubb (CRD# 6800965) of Sebring, Florida for potential investment-related misconduct.
Financial Advisor’s Career History
Based on his FINRA BrokerCheck report, Matthew Dale Grubb has been registered in the securities industry with the following firms:
- Raymond James & Associates, Inc. (CRD# 705) — Sebring, Florida (registered 08/29/2024 as a broker; 08/30/2024 as an investment adviser representative).
- Morgan Stanley (CRD# 149777) — Sebring, Florida (broker registration 07/2017–09/2024; investment adviser registration 08/2017–09/2024).
The report also reflects employment history entries associated with Morgan Stanley from 2017 through 2024 (including “Resident Manager” in Sebring, FL) and a transition to Raymond James in August 2024.
Matthew Dale Grubb Fraud Allegations and Investor Complaints Explained
FINRA BrokerCheck reflects one customer dispute disclosure for Matthew Dale Grubb.
Customer Complaint Alleging Reg BI Violations Tied to a 2021 Mutual Fund Recommendation
- Employing firm at time of alleged activity: Morgan Stanley
- Allegation: “Violation of Regulation Best Interest (Reg BI)” regarding an investment recommendation to invest in a mutual fund (2021)
- Product type: Mutual Fund
- Alleged damages: $34,038.00
- Date complaint received: 12/09/2025
- Reported disposition/status: Denied (status date 12/17/2025)
Notably, the disclosure appears under two reporting sources (Firm and Broker) and contains an inconsistency as to whether the complaint was “pending” at the time of reporting (the firm-reported version states “Complaint Pending? No,” while the broker-reported version states “Complaint Pending? Yes”).
Disclosure Summary (Bullet List)
- Customer Dispute (Mutual Fund / 2021 recommendation) — alleged Reg BI violation; alleged damages $34,038; complaint received 12/09/2025; status: denied (12/17/2025)
To obtain a copy of Matthew Dale Grubb’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 (Suitability) is frequently implicated when a complaint challenges whether an investment recommendation—such as a mutual fund recommendation—fit the customer’s investment profile. In a dispute alleging a best-interest or improper recommendation process, the suitability framework can help evaluate whether the product selection, risk level, time horizon, and overall strategy were appropriate for the investor’s stated objectives and constraints.
FINRA Rule 2090 (Know Your Customer) requires reasonable diligence to understand the essential facts about a customer and the authority of each person acting on the customer’s behalf. In practice, customer complaints tied to an investment recommendation often turn on whether the advisor gathered and documented sufficient information (e.g., objectives, risk tolerance, liquidity needs) before recommending the product at issue.
FINRA Rule 3110 (Supervision) requires firms to establish and maintain a system to supervise the activities of associated persons designed to achieve compliance with applicable securities laws and regulations and FINRA rules. Where a complaint alleges a recommendation fell short of a best-interest standard, supervisory systems and review processes (including oversight of recommendations and disclosures) can become central to evaluating whether the firm’s supervisory controls were reasonably designed and enforced.
For over 45 years, Robert Wayne Pearce has helped investors recover losses caused by broker fraud, negligence, and unsuitable recommendations. His firm, The Law Offices of Robert Wayne Pearce, P.A., represents clients nationwide on a no-recovery, no-fee basis. Call (800) 732-2889 or email pearce@rwpearce.com for a free case review with an experienced securities attorney.