Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Derek Grimm (CRD# 3000890) is accused of unsuitable investment recommendations. He has been registered with RBC Capital Markets, LLC in Winter Park, Florida, since 2022. He was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Winter Park, Florida, from 2010 to 2022.
Derek Grimm Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
September 2025. “Claimant alleges that her advisor overconcentrated her accounts in unsuitable investments and failed to act in the customer’s best interest.” The customer is seeking $100,000 in damages, and the case is currently pending. The complaint was regarding common and preferred stocks, mutual funds, and real estate investment trusts (REITs), and it took place while he was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Merrill Lynch, Pierce, Fenner & Smith Incorporated may be liable for investment or other losses suffered by Derek Grimm’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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