Grant Wagstaff is the Subject of a Six-Figure Dispute

Grant Wagstaff (CRD #: 6719012), a broker registered with Fidelity Brokerage Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on September 26, 2023. Investors who have concerns about his conduct as a broker should keep reading. 

According to allegations filed on July 12, 2023, Grant Wagstaff is facing a dispute regarding failure to supervise and an unsuitable recommendation. The investor alleged the broker made an unsuitable recommendation to transfer an annuity that caused a tax event. The investor is seeking $184,000. 

FINRA Rule 3110 – Supervision 

FINRA Rule 3110 requires that firms establish supervisory systems to maintain their compliance with securities regulations. This includes appointing supervisors and providing them with Written Supervisory Procedures (WSPs).

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. This rule also prohibits unsuitable investment strategies that result in a less favorable tax status.  

Background Information 

Grant Wagstaff has passed the following exams: 

• Series 66 Uniform Combined State Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in nine states and is a registered investment adviser in Alabama and Texas. 

Grant Wagstaff has registered with two firms in his six years of experience: Fidelity Brokerage Services (CRD #: 7784) and Fidelity Personal and Workplace Advisors (CRD #: 288590). 

Kurta Law Can Help

If you worked with Grant Wagstaff and have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.