Walter F. Grenda, Jr. Allegedly Continued to Associate with Grenda Group, LLC Despite a July 2015 Commission Order Barring Him from Association with the Firm
Walter Grenda allegedly continued to associate with Grenda Group, LLC despite a July 2015 SEC Order barring him from association with the firm, according to an SEC Complaint under review by investor rights attorney Alan Rosca.
Walter Grenda allegedly met with a prospective client and current clients in Grenda Group’s offices and purportedly made discretionary changes to clients’ investment accounts, the SEC alleges. Walter Grenda also allegedly repeatedly impersonated his son on telephone calls to the firm’s broker-dealer, after which the broker-dealer terminated its relationship with Grenda Group, the SEC Complaint states.
Grenda Group, LLC is an entity Walter Grenda and his son, Gregory M. Grenda, formed in part to replace his previous investment advisory business, Reliance Financial Advisors, LLC, the SEC notes.
Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Walter Grenda’s alleged association with the Grenda Group despite being barred. Investors who believe they may have lost money in activity related to Walter Grenda’s alleged association with the Grenda Group despite being barred are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Walter Grenda Permanently Barred by the SEC
Walter Grenda, based on the alleged aforementioned behavior, and his alleged violations of the Securities Act, has been permanently barred by the SEC, according to the aforementioned SEC Report.
Walter Grenda, starting on December 20, 2018, has been barred from associating with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or NRSRO, the SEC notes.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated, and that Walter Grenda reportedly consented to a final judgement by the SEC without admitting to or denying the SEC’s findings.
Securities Lawyer Investigating
The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Walter Grenda’s alleged association with the Grenda Group despite being barred. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of Walter Grenda’s alleged association with the Grenda Group despite being barred may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at email@example.com, or through the contact form on this webpage.