Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, is tracking the case of Gregory Norman Grajek, a California-registered broker who spent roughly four decades at Morgan Stanley and UBS Financial Services. A recent Financial Advisor IQ report alleges Grajek misappropriated brokerage assets he shared with his ex-wife. The case shows that misconduct can surface inside the largest firms and that investors should review their statements carefully even when a broker has a long employment history.
Who is Greg Grajek?
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Gregory Norman Grajek, also known as Greg Grajek, is listed on FINRA BrokerCheck under CRD number 1220268. He was first registered as a broker in January 1984 and remained in the securities industry for about 40 years. His career spanned two of the best-known wirehouses in the United States.
BrokerCheck records show Grajek was registered with Morgan Stanley DW Inc. from 1984 to 2007. He then moved to Morgan Stanley & Co. Incorporated from 2007 to 2009.
Grajek joined UBS Financial Services Inc. in December 2008 and remained there through the end of 2024. His last reported location was San Diego, California.
What are the allegations?
On August 8, 2025, Financial Advisor IQ reported that Grajek was accused of misappropriating brokerage assets that he and his ex-wife held jointly. The article, published behind the outlet’s professional login, linked the dispute to assets held at a brokerage firm. Financial Advisor IQ summarized the matter in a public social post, noting Grajek’s combined 40 years at Morgan Stanley and UBS.
We do not have access to the full court or arbitration pleadings. Misappropriation claims involving jointly held brokerage accounts can take several forms. They may include unauthorized withdrawals, transfers to accounts controlled by one spouse, changes in account ownership without proper consent, or the sale of securities for the broker’s personal benefit. The exact facts alleged in the Grajek matter will become clearer if the case proceeds through arbitration or litigation.
BrokerCheck disclosures
Grajek’s BrokerCheck profile currently lists six customer disputes. Four of those disputes were denied, one was settled, and one remains pending. The pending disclosure was filed on July 29, 2025. It is the only active investor complaint on his record.
| Date | Status | Type |
|---|---|---|
| July 29, 2025 | Pending | Customer dispute |
| May 17, 2018 | Denied | Customer dispute |
| March 15, 2017 | Settled | Customer dispute |
| October 29, 2008 | Denied | Customer dispute |
| February 25, 2008 | Settled | Customer dispute |
| July 30, 2007 | Denied | Customer dispute |
The two prior settled disputes date back to 2008 and 2017. Settlements do not establish wrongdoing, but they do show that investors previously made claims that the broker or his firms chose to resolve rather than litigate.
Where was Grajek registered?
Grajek’s registration history is limited to two firms. The first, Morgan Stanley DW Inc., was the predecessor retail brokerage entity for Morgan Stanley.
The second, Morgan Stanley & Co. Incorporated, is the continuing broker-dealer. Grajek then spent 16 years at UBS Financial Services Inc.
| Firm | CRD number | Location | Dates |
|---|---|---|---|
| UBS Financial Services Inc. | 8174 | San Diego, CA | December 2008 – December 2024 |
| Morgan Stanley & Co. Incorporated | 8209 | Fallbrook, CA | April 2007 – January 2009 |
| Morgan Stanley DW Inc. | 7556 | Fallbrook, CA | January 1984 – April 2007 |
His BrokerCheck status is now listed as “Previously Registered Broker” and “Previously Registered Investment Adviser.” He is no longer registered with any FINRA member firm.
What this means for investors
Investors often assume that a long career at a major firm signals reliability. The Grajek case illustrates why that assumption can be costly. A broker’s tenure, branch location, and firm name do not guarantee that account activity is legitimate.
Investors should watch for several warning signs in their brokerage statements. These include unexplained transfers, sudden changes in account ownership, new third-party recipients, unfamiliar securities trades, and missing or altered documents.
Spouses, family members, and elderly investors can be especially vulnerable when a broker controls access to account information.
How Investment Fraud Lawyers can help
Our firm represents investors who have lost money because of broker misconduct, unauthorized account activity, or failure by a brokerage firm to supervise its representatives. We review account records, identify irregular trades and transfers, and pursue claims through FINRA arbitration when appropriate.
If you or a family member had an account with Greg Grajek, UBS Financial Services, or Morgan Stanley and noticed activity that you did not authorize, we can evaluate whether you have a claim. There are time limits for investor claims, so it is important to act promptly.
Call 1-888-885-7162 for a free consultation. We work on a contingency basis, and past results do not guarantee future outcomes.
Frequently asked questions
Who is Greg Grajek?
Gregory Norman Grajek is a former broker with CRD number 1220268. He was registered with Morgan Stanley and UBS Financial Services for roughly 40 years and is now listed as previously registered.
What is he accused of?
August 2025 reporting by Financial Advisor IQ alleges Grajek misappropriated brokerage assets held jointly with his ex-wife. The full details are contained in the publication’s article and any related legal filings.
Is there a pending investor complaint against him?
Yes. BrokerCheck shows a pending customer dispute filed on July 29, 2025. He also has five older customer disputes, two of which settled.
Can investors still recover money if the broker is no longer registered?
Often yes. Claims can be directed at the brokerage firm that employed the broker at the time of the misconduct, or at the broker individually. The specific facts and timing matter, so a review of account records is the first step.
How do I start a claim review?
Call 1-888-885-7162 or contact Investment Fraud Lawyers online. We will review your statements and explain your options at no upfront cost.
Disclaimer: Past results do not guarantee future outcomes. This page provides general information and is not legal advice. No attorney-client relationship is formed by reading this content.
There is no guaranteed recovery in any securities matter. Consult a qualified attorney regarding your specific situation.
