A financial adviser in Maine has been accused of spending over $200,000 of an investor's money on real estate deals and a cannabis business.
The New Hampshire Bureau of Securities Regulation recently issued an order for Sean Grady, and his firm, Grady & Associates, in Portland, to stop doing business. The bureau said it investigated a complaint into an elderly client's loss of funds.
The complaint said Grady came to her home in Charlestown, New Hampshire, last year and talked her into transferring her money from a firm that terminated him.
Local
Authorities moved to freeze Grady's Maine bank accounts in September. The bureau fined him and ordered him to pay restitution.
Grady has 30 days to request a hearing. It wasn't immediately known if he had a lawyer and phone numbers weren't working.
