Did Steven Michael Gribben Cause You Investment Losses?
Steven Michael Gribben of Irvine, California submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which he was fined $7,500 and suspended from association with any FINRA member in all capacities for a period of three months. The sanctions were based on findings that he made negligent misrepresentations in violation of FINRA Rule 2010. The suspension was in effect from October 19, 2020, through January 18, 2021.
In September 2017, Steven Michael Gribben joined Alpine Securities Corporation and became registered as an Investment Banking Representative. According to the FINRA findings, Gribben allegedly signed several transaction documents containing false statements, including that his member firm was not a broker or dealer in securities. The findings state that Gribben allegedly failed to properly read the claim purchase agreements before signing them to be submitted to the courts to obtain judicial confirmation that securities issued in exchange for the satisfaction of the claims would be deemed exempted securities. In addition, the misrepresentations could have impacted the court’s decision to approve instead of denying the exchanges and they made a false impression that Alpine was not timely paid for past work. Although Steven Michael Gribben is not currently registered or associated with any FINRA member firm, he remains subject to FINRA’s jurisdiction.
FINRA Rule 2010 requires that FINRA member firms and their associated persons observe high standards of commercial honor and just and equitable principles of trade. Making a negligent misrepresentation or omission of a material fact to a court is a violation of FINRA Rule 2010.
Do You Need a California FINRA Securities Arbitration Attorney?
Are you an Irvine, California investor who has suffered significant losses your stock brokerage and investment accounts? Did your California stockbroker or investment advisor, misrepresent facts about the securities, investments or strategies they were recommending or otherwise mismanage your investment account? If so, you need representation by an experienced, highly-rated and nationally recognized FINRA arbitration attorney — an attorney who knows FINRA rules and procedures and how to handle these FINRA arbitration cases as well as other complex legal issues.
Free Initial Consultation With Experienced Securities Misrepresentation and Stockbroker Fraud Attorneys Serving Irvine, California Residents in FINRA Securities Arbitrations
At The Law Offices of Robert Wayne Pearce, P.A. we represent investors in all kinds of securities, commodities and investment law disputes in FINRA, AAA and JAMS arbitration and mediation proceedings. Attorney Pearce and his staff represent investors throughout California, and across the United States on a CONTINGENCY FEE basis which means you pay nothing – NO FEES-NO COSTS – unless we put money in your pocket after receiving a settlement or FINRA arbitration award.
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For dedicated representation by Attorney Pearce with over 40 years of experience and success in all kinds of securities, commodities and investment law disputes serving California citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.