FINRA

Respondent Grant failed to respond to FINRA request for information.

Letter

Bar (Permanent)

All Capacities

Indefinite

10/24/2016

Pursuant to FINRA Rule 9552(h) and in accordance with FINRA's Notice of Suspension and Suspension from Association letters dated July 19, 2016 and August 12, 2016, respectively, on October 24, 2016, Grant is barred from association with any FINRA member in any capacity. Respondent failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in any capacity.

$460,000.00

Civil

IN 2013 MR. GRANT ENTERED INTO AN ARRANGEMENT WITH 2 BUSINESS PARTNERS PARTNERS WHO AGREED TO FUND A TRADING ACCOUNT UNDER THE NAME TOTAL RETURN STRATEGIES, WHERE MR. GRANT WAS THE SOLE MEMBER OF THE LLC WHICH WAS FUNDED BY THE 2 BUSINESS PARTNERS. THEY DID SEVERAL TRADES WHICH WERE SUCCESSFULLY SETTLED. HOWEVER, IN OCTOBER OF 2013, MR. GRANT RECEIVED 2 UNSOLICITED ORDERS TO BUY 2 BLOCKS OF STOCK WHICH WERE SUBSEQUENTLY NOT PAID FOR. THE FIRST TRADE WAS ON OCTOBER 23RD, 2013, AT A VALUE OF $2,945,500. THE SECOND TRADE WAS ON OCTOBER 30TH, 2013,AT A VALUE OF $420,000. IN BOTH CASES THE PRICE OF THE STOCK DROPPED IMMEDIATELY. AS MENTIONED WHEN THE SETTLEMENT DATE ARRIVED THESE PARTNERS FAILED TO FUND THE PURCHASES. THE RESULTING LOSS WAS APPROXIMATELY $450,000 AFTER THE POSITIONS WERE LIQUIDATED THUS LOCKING IN THE LOSS. WHILE MR. GRANT'S FORMER PARTNERS ARE THE ONES AT FAULT FOR THIS TRANSACTION. HE AGREED TO A SETTLEMENT WITH JPM, WITH THE INTENTION OF TAKING LEGAL ACTION ON HIS FORMER ASSOCIATES. HE MADE ONE PAYMENT OF $5000, AS WELL AS A SECOND PAYMENT OF $70,000. AFTER HE WAS UNABLE TO MAKE SUBSEQUENT PAYMENTS ACCORDING TO THE SCHEDULE. HE RECEIVED A JUDGEMENT OF $450,000 WHICH WAS INCORRECT AS $75,000 HAD BEEN PAID SO AMOUNT OWED IS ACTUALLY $375,000. HIS TWO FORMER PATNERS HAVE ACKNOWLEDGED THE TRADES WERE THEIR RESPONSIBILITY VIA TEXTS, EMAILS AND EVEN A RECORDED PHONE LINE. MR. GRANT IS IN THE PROCESS OF BEGINNING LEGAL PROCEEDINGS AGAINST THESE INDIVIDUALS.

$169,389.00

Civil

MR. GRANT, JOINED WELLS FARGO ADVISORS IN JANUARY OF 2011. MR. GRANT RECEIVED A SIGNING BONUS OF $155,000 WHICH REQUIRED HIM TO STAY FOR 7 YEARS OR REFUND THE MONEY. MR. GRANT LEFT THE FIRM SEVERAL MONTHS THEREAFTER. WELLS FARGO PURSUED MR. GRANT FOR THE REFUND OF THE BONUS. MR. GRANT MADE SEVERAL PAYMENTS TO REPAY BUT BECAME UNABLE TO MEET THE PAYMENT SCHEDULE, WHICH RESULTED IN THE JUDGEMENT ENTERED AGAINST HIM.

FINRA

RESPONDENT GRANT FAILED TO COMPLY WITH AN ARBITRATION AWARD OR SETTLEMENT AGREEMENT OR TO SATISFACTORILY RESPOND TO A FINRA REQUEST TO PROVIDE INFORMATION CONCERNING THE STATUS OF COMPLIANCE.

LETTER

Suspension

ANY CAPACITY

N/A

4/18/2013

9/9/2013

PURSUANT TO ARTICLE VI, SECTION 3 OF FINRA BY-LAWS, AND FINRA RULE 9554, RESPONDENT GRANT IS SUSPENDED APRIL 18, 2013 FOR FAILURE TO COMPLY WITH AN ARBITRATION AWARD OR SETTLEMENT AGREEMENT OR TO SATISFACTORILY RESPOND TO A FINRA REQUEST TO PROVIDE INFORMATION CONCERNING THE STATUS OF COMPLIANCE. SUSPENSION LIFTED ON SEPTEMBER 9, 2013.

PURSUANT TO ARTICLE VI, SECTION 3 OF FINRA BY-LAWS, AND FINRA RULE 9554, RESPONDENT GRANT IS SUSPENDED APRIL 18,2013 FOR FAILURE TO COMPLY WITH AN ARBITRATION AWARD OR SETTLEMENT OR TO SATISFACTORILY RESPOND TO A FINRA REQUEST TO PROVIDE INFORMATION CONCERNING THE STATUS OF COMPLIANCE. SUSPENSION LIFTED ON SEPTEMBER 9,2013