Dean Grant, Financial Advisor, Reportedly Arrested for Fraud
Have you suffered losses investing with Dean Harrison Grant in Milledgeville, Georgia? If so, the securities attorneys at The White Law Group may be able to help you to recover your losses by filing a FINRA Arbitration Claim.
According to reports yesterday, financial advisor Dean Harrison Grant was denied bond during a hearing before Ocmulgee Judicial Circuit Superior Court Judge Amanda S. Petty Friday morning and will remain in custody for at least the next 30 days.
As we told you last week, local authorities in Georgia have arrested Grant for allegedly swindling several clients, two of whom were elderly, according to local news reports.
Grant, who is reportedly affiliated with GFG Strategic Advisors, faces three counts each of insurance fraud and theft by fiduciary, as well as one count of forgery in the first degree and two counts of trafficking a disabled or elder person or resident, according to court records and Baldwin County Sheriff Bill Massee.
According to reports, the investigation was tipped off by a local estate attorney who was performing estate planning for a widow. The attorney reportedly alerted the sheriff’s office to missing account statements , according to the Union-Recorder, the local paper in Milledgeville, GA.
The client had allegedly invested $225,000 with Dean Grant Financial, which in turn then paid checks ranging from $10,000 to $25,000 directly to Dean Grant, according to reports.
According to his FINRA BrokerCheck Report, Grant was a registered representative with NYLIFE Securities before joining M Holdings Securities in 2014.
Grant reportedly has three tax liens on his broker record starting in 2017, ranging from $4,309 to $122,540. He also has 1 customer dispute on his record dating back to 1999 that was denied by the firm after a review of allegations that Grant had promised to transfer a client’s policy at no cost and that the policy would renew itself without premium payments.
Authorities are reportedly urging clients of Dean Grant to come forward with information.
Grant is currently incarcerated at the Baldwin County Law Enforcement Center for at least the next 30 days.
Update on May 14, 2019
FINRA has reportedly barred Dean Grant from working in the securities industry. On May 14, Grant reportedly consented to the sanction and to the entry of findings that he refused to provide information and documentation requested by FINRA after allegations that he converted funds from customers, forged documents and failed to disclose certain liens on his Form U4. The findings stated that Grant provided only a partial response, and failed to provide certain information and documents requested by FINRA.
Investigating Potential Claims
The White Law Group is investigating potential securities fraud claims involving Dean Harrison Grant and the liability his former employers may have for failing to properly supervise him.
Those investors that incurred losses investing with Grant may be able to recover those losses through the FINRA arbitration process.
Under FINRA rules and regulations, Broker-Dealers are responsible for supervising the actions of those advisors registered with their firm, and therefore may be held liable for the actions of their Broker(s).
For a free case evaluation or to discuss any other investment losses, please contact The White Law Group, at 888-637-5510, or visit us on the web at www.whitesecuritieslaw.com.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
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