Our firm is investigating RBC Capital Markets broker and investment advisor Derek A. Grimm (CRD# 3000890) of Winter Park, Florida for alleged sales practice violations and unsuitable investment recommendations.
Financial Advisor’s Career History
Derek A. Grimm began his career in the securities industry in 1999. Over more than two decades, he has been affiliated with several major brokerage firms:
- RBC Capital Markets, LLC – Winter Park, FL (August 2022 – Present)
- Merrill Lynch, Pierce, Fenner & Smith Incorporated – Winter Park, FL (February 2010 – August 2022)
- Morgan Stanley Smith Barney – Orlando, FL (June 2009 – February 2010)
- Morgan Stanley & Co. Incorporated – Orlando, FL (April 2007 – June 2009)
- TD Ameritrade, Inc. – Orlando, FL (August 2002 – December 2006)
- Charles Schwab & Co., Inc. – Westlake, TX (September 1999 – July 2001)
He is currently registered with 22 self-regulatory organizations and licensed in 23 U.S. states and territories through his employer, RBC Capital Markets. Grimm holds the Certified Financial Planner (CFP) designation and has passed five FINRA-administered industry exams, including the Series 7 and Series 65.
Derek Grimm Fraud Allegations and Investor Complaints Explained
According to FINRA records, Derek Grimm has one pending customer dispute alleging serious misconduct.
Date Complaint Received: September 25, 2025
Forum: FINRA Arbitration
Docket Number: 25-01996
Status: Pending
Alleged Damages: $100,000
Summary of Allegations:
- The claimant alleges unsuitable investments, misrepresentations and omissions, and that Grimm failed to act in the client’s best interest.
- The products involved include equities, mutual funds, and real estate investment trusts (REITs).
- The customer asserts that Grimm overconcentrated her accounts in risky securities and provided misleading information about the nature and performance of the investments.
Disclosures Summary:
- Type: Customer Dispute (Pending)
- Date: September 2025
- Forum: FINRA
- Alleged Damages: $100,000
- Disposition: Pending
To obtain a copy of Derek Grimm’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 – Suitability
FINRA Rule 2111 requires brokers to have a reasonable basis for believing that any investment recommendation made to a client is suitable based on the investor’s profile, including age, financial situation, risk tolerance, and investment objectives.
In Grimm’s case, the pending arbitration alleges that he over concentrated the client’s portfolio in unsuitable products, potentially violating this rule.
FINRA Rule 2020 – Use of Manipulative, Deceptive, or Other Fraudulent Devices
Rule 2020 prohibits brokers from engaging in any manipulative or deceptive act in connection with the purchase or sale of securities. Allegations of misrepresentations or omissions in Grimm’s recommendations could represent a breach of this rule if proven true.
FINRA Rule 3110 – Supervision
This rule requires firms to establish and maintain a supervisory system to ensure compliance with securities regulations. The alleged misconduct may also raise supervisory concerns for RBC Capital Markets if oversight failures allowed unsuitable recommendations to occur unchecked.
For over 45 years, Robert Wayne Pearce has helped investors recover losses caused by broker fraud, negligence, and unsuitable recommendations. His firm, The Law Offices of Robert Wayne Pearce, P.A., represents clients nationwide on a no-recovery, no-fee basis.
Call (800) 732-2889 or email pearce@rwpearce.com for a free case review with an experienced securities attorney.