Haselkorn & Thibaut, a nationally recognized investment fraud law firm, has launched an investigation into Roosevelt Emanual Grayson (CRD# 1328135), a financial advisor with LPL Financial LLC based in Farmington Hills, Michigan. If you are a current or former client of Roosevelt Grayson, this resource is designed to provide you with a detailed, unbiased overview of his public records, past customer complaints, and relevant risk factors. Our goal is to empower investors with the facts and let you know how you can take advantage of a free consultation to discuss your situation: 1 888-885-7162.
Who Is Roosevelt Emanual Grayson?
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Roosevelt Grayson has been in the securities industry for a remarkable four decades, accumulating experience across 14 different firms. He is presently registered as both a broker and investment adviser with LPL Financial LLC (CRD# 6413) in Farmington Hills, MI. Licensed in 11 states, Grayson has served clients in Alabama, Arizona, California, Georgia, Maryland, Michigan, Nevada, North Carolina, Texas (in two capacities), and more.
His lengthy career is notable for its stability—since 2014, he has been affiliated with LPL Financial in both broker and adviser roles. Over his career, Grayson has not faced any regulatory or criminal actions, and there are no reported civil judicial issues. All incidents on his record are tied to customer disputes, not regulatory sanctions.
Overview: Complaints and Disclosures
Transparency is key when evaluating any financial advisor. Roosevelt Grayson has a total of four customer disputes listed on his record, which have resulted in two settlements and two cases denied by the firm or arbitrator. Here’s a timeline and summary of each disclosure:
| Date | Status | Allegations | Requested Damages | Settlement/Payout |
|---|---|---|---|---|
| March 22, 1995 | Settled | Improper advice on sale of Phillip Morris stock, resulting in $90,000 capital gains tax and lost potential earnings. | $97,356 | $65,000 |
| November 18, 2008 | Denied | Misrepresentation in variable annuity investment. | $15,322.59 | $0 |
| March 10, 2011 | Settled | Misrepresentation and failure to follow instructions regarding mutual fund investment. | $8,175 | $5,530.98 |
| November 18, 2024 | Denied (per FINRA) / Pending (per internal records) | Unsuitable recommendation and poor advice on universal life insurance policy. | Not disclosed | $0 |
Red Flags and What Investors Should Know
- Mixed Outcomes: Two complaints were resolved in Grayson’s favor, while two resulted in significant settlements ($70,530.98 in total).
- Settlement Sizes: The $65,000 paid in 1995 was notably large, involving serious tax consequences and potentially inadequate disclosure about tax impacts.
- Broad Product Involvement: Complaints listed span a range of financial products: variable annuities, mutual funds, universal life insurance, and individual stocks.
- Longevity: There were 13-year gaps between the major disclosures—1995 to 2008 and 2011 to 2024—potentially suggesting periods of customer satisfaction, but recent activity raises fresh concerns.
- Recent Complaint: The most recent action in 2024 challenges the suitability and advice quality of universal life insurance recommendations. The internal database shows this case as “pending,” though FINRA records list it as “denied.” If you were affected, this is the time to clarify your own experience as other cases may still be under review.
- No Regulatory Actions: Despite the customer complaints, Grayson has not faced regulatory or criminal penalties, indicating all cases thus far have been disclosures from client disputes.
What Does This Mean for Clients?
If you are a current or former client of Roosevelt Grayson, it is important to pay close attention to the range and details of these disclosures. Disputes involving suitability of advice—especially regarding life insurance, annuities, or complex investment products—can be signs of potential issues that may warrant a closer review of your account and all recommendations received.
For clients who were impacted by variable annuities or universal life insurance products, suitability and clear advice are crucial. The size of the settlements and the multiple types of products involved suggest a need for extra vigilance, especially if you have concerns about how your investments were recommended or managed.
Haselkorn & Thibaut: Protecting Investor Rights
Haselkorn & Thibaut (investmentfraudlawyers.com) is a national investor law firm with over 50 years’ experience helping investors in Michigan and nationwide recover losses caused by unsuitable investment recommendations, misrepresentations, and negligence. With a 98% success rate and a no recovery, no fee promise, Haselkorn & Thibaut can help assess whether your situation qualifies for financial recovery.
Our investigation is ongoing, and we encourage any investors who have worked with Roosevelt Grayson at LPL Financial, Farmington Hills, MI to reach out—whether your concern is recent or relates to advice or products recommended years ago.
What Are Your Next Steps?
- Gather documentation related to your investments, communications, and account statements.
- Review your account for any products or trades you don’t fully understand or did not explicitly approve.
- Contact Haselkorn & Thibaut for a free, confidential consultation: 1 888-885-7162.
- Visit the FINRA BrokerCheck profile for Roosevelt Grayson for the most up-to-date licensing and disclosure details.
Why Choose Haselkorn & Thibaut?
- Over $100 million recovered for investors nationwide
- 98% success rate in securities claims and arbitrations
- No recovery, no fee: You pay nothing unless we help recover your losses
- Personalized, one-on-one legal guidance—always confidential
You owe it to yourself to review your situation. Even experienced investors can miss red flags or misunderstand complex recommendations until an issue arises. If you’ve worked with Roosevelt Grayson, LPL Financial LLC, Farmington Hills, MI and have questions about your portfolio or advice received, reach out to Haselkorn & Thibaut today by calling 1 888-885-7162 for your free, no-obligation consultation. Let our experience become your advantage in recovering what you deserve.
