Vincent Grucci, with Fortune Financial Services, Investigated by FINRA

OCEAN RIDGE, FLORIDA

Our securities arbitration law firm is looking into allegations made by FINRA, the Financial Industry Regulatory Authority, against Vincent Grucci, also known as Vinny Grucci, who worked in Ocean Ridge, Florida.  FINRA’s BrokerCheck discloses that FINRA has made a preliminary determination to recommend that a disciplinary action be brought against Vinny Grucci.

BrokerCheck also discloses that the investigation is made in connection with unsuitable recommendations to purchase and exchange variable annuities.  It also alleges that Grucci did not comply with the written policies and procedures of Grucci’s brokerage firm, Fortune Financial Services.

Vincent Grucci had been with Fortune Financial Services from February 2012 to the present.  Grucci has been working at an office in Ocean Ridge, Florida.  Besides this recent FINRA investigation, Grucci has also been the subject of 21 judgments or liens, four customer complaints, and a 1992 termination by another firm.

FINRA Rule 2111 requires brokers like Vinny Grucci to make investment recommendations to clients.  Specifically, Rule 2111 requires that the recommendations be suitable for the customer considering circumstances like the customer’s age, risk tolerance, investment objectives, net worth, income, tax status, etc.  A violation of this rule could result in civil liability for Vincent Grucci and Fortune Financial Services.

Israels & Neuman represents investors throughout the U.S., including investors in southeast Florida.  Attorney David Neuman is licensed to practice law in Florida, and our firm has represented investors in Florida cases.  We also have brought claims against numerous firms, including against Fortune Financial Services.

View Grucci, v BrokerCheck 10.10.22

If you lost money with Vincent Grucci or Fortune Financial Services, please Contact Us at 720-599-3505 or 206-795-5798 for a free evaluation of your case.