Key Details on Derek Grimm (CRD# 3000890)
Table of Contents
| Advisor Name | CRD# | Broker-Dealer |
|---|---|---|
| Derek Grimm | 3000890 | RBC Capital Markets (current) Merrill Lynch (previous) |
Experience and Exams:
- 25+ years of industry experience
- Licensed in 25 states
- Qualified by passing SIE, Series 7, Series 31, Series 63, and Series 65 exams
Overview of Derek Grimm’s Professional Background
Derek Grimm has worked with prominent firms throughout his career, including Merrill Lynch, Morgan Stanley, TD Ameritrade, and Charles Schwab & Company, and is currently a broker and investment advisor with RBC Capital Markets in Winter Park, Florida. His broad experience suggests in-depth market understanding and a wide client base; however, recent public records have prompted investor questions.
Regulatory Complaints and Investigations
Most investors’ first concern is whether their advisor has faced significant complaints, regulatory actions, or lawsuits that might affect their trust. Based on an exhaustive search through public brokerage and regulatory databases, including FINRA BrokerCheck, SEC EDGAR, and various state securities commissions, the following was found for Derek Grimm (as of November 16, 2025):
- No formal regulatory actions or enforcement cases by the SEC or state regulators.
- No disclosed arbitrations or lawsuits involving securities-related issues on the public record.
- No customer complaints disclosed in the latest public version of the BrokerCheck report. Check BrokerCheck here.
Important Note: Firms are required to update disclosures within 30–45 days of a complaint’s final resolution. Sometimes, very recent complaints may not have appeared on public databases yet.
Specific Investor Complaint: $100,000 Alleged Loss During Merrill Lynch Tenure
Although public brokerage records do not show current regulatory actions, a notable investor complaint was filed in September 2025. This complaint alleges that, as a Merrill Lynch representative, Derek Grimm:
- Recommended unsuitable investments
- Misrepresented and omitted material facts regarding the recommended securities
- Over-concentrated the investor’s portfolio (insufficient diversification)
- Potentially failed to act in the client’s best interest
The investor is seeking $100,000 in damages. This complaint remains pending and may not yet be reflected in all regulatory reports.
What is Over-Concentration? Why Does it Matter?
Over-concentration, or failure to diversify, occurs when a portfolio is invested too heavily in a narrow sector, security, or asset class. FINRA emphasizes that a diversified portfolio helps manage risk and that advisors should avoid “putting all your investment eggs in one basket.”
Practices such as:
- Encouraging clients to buy into a single sector, stock, or product
- Failing to routinely rebalance or diversify across asset classes
can create undue risk—potentially violating an advisor’s duty to act in the customer’s best interest under FINRA Rule 2111.
Investor Takeaways: Red Flags and Next Steps
If you worked with Derek Grimm at Merrill Lynch or currently at RBC Capital Markets, or are an investor concerned about unsatisfactory performance, it is prudent to be vigilant for the following red flags:
- Losses from over-concentration or insufficient portfolio diversification
- Misleading or incomplete explanations of risk
- Securities or investment products recommended without full disclosure of critical information
- Portfolio transactions that don’t align with your personal investment goals or risk tolerance
- Difficulty obtaining performance reports or answers from your advisor
If any of these situations apply—or if you simply need reassurance and clarity—a confidential portfolio review can be invaluable.
Comprehensive List of Complaints
According to the most recent and publicly available records:
- One pending investor complaint (alleging $100,000 in damages, filed September 2025 for events at Merrill Lynch)
- No other customer disputes, regulatory proceedings, or lawsuits reported
Why Act Now? How Haselkorn & Thibaut Can Help
Haselkorn & Thibaut is a nationally recognized securities fraud law firm with over 50 years of combined experience, a 98% success rate, and millions in recoveries for clients nationwide. If you believe you have suffered investment losses, or have concerns about Derek Grimm’s recommendations while at RBC Capital Markets or Merrill Lynch, call 1-888-994-8066 now for a free, confidential consultation.
- No recovery, no fee.
- All consultations are confidential and 100% free.
- The firm investigates complaints and pursues compensation for investors nationwide.
Your financial well-being matters. Prompt action ensures you have all possible options to protect your investments and peace of mind. Schedule your free review with Haselkorn & Thibaut today—no obligation and no upfront cost. Call 1-888-994-8066.
