Were you the victim of former Independent Financial Group, LLC broker Loren Grabau (CRD# 6984490)? He was registered with Independent Financial Group, LLC in Santa Maria, California, from 2019 to 2025, when he was terminated regarding, “RR was terminated by branch after an internal review by the branch office revealed that he had, taken confidential customer information in anticipation of resigning and establishing a competing advisory firm. After branch did their internal review, it also noticed RR had taken confidential customer information on the broker dealer clients’ accounts as well. This conduct is a violation of firm policy regarding the safeguarding of non-public customer information.”
According to his BrokerCheck profile, he has been registered as an IAR with Financial Gravity Family Office Services, LLC in Lakeway, Texas, since 2025. He was registered as an IAR/Managing Member with X Advisors, LLC in Santa Maria, California, from 2021 to 2025, when he was terminated regarding, “RR was terminated after an internal review revealed that he had, for his personal use, taken confidential customer information in anticipation of resigning and establishing a competing advisory firm. This conduct is a violation of firm policy regarding the safeguarding of non-public customer information, as well as SEC Regulation S-P.”
Loren Grabau Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
December 2025. “Alleges accounts were subjected to high management fees, margin charges and commissions that were not suitable/appropriate and that resulted in losses.” The customer sought $213,142 in damages, and the case was settled for $100,000.
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, Independent Financial Group, LLC may be liable for investment or other losses suffered by Loren Grabau’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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