UPDATE December 8, 2014– Orlando Sentinel reports Jeffrey Grove charged with drug trafficking.
November 17, 2014- Melbourne, Florida- Jeffrey Brian Grove, formerly a broker with Charles Schwab & Co. was barred from the securities industry by the Financial Industry Regulatory Authority (FINRA) to resolve allegations that between February and August 2014, he utilized the firm’s procurement system to purchase office equipment for his branch office which he then sold and converted the $1 million in proceeds to his personal use.
FINRA records indicate that Grove was discharged from Schwab on 8/29/2014, and on that same day was charged with two felonies in Orange County, FL:
1-unlawful use of a two way communication device to commit a crime and
2- conspiracy to traffic in oxycodone.
If you had an account with Grove that suffered losses, contact us to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , located in Boca Raton, FL, provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
561 391 1900