Burbank, CA – December 6, 2025 – Lisa Joanne Grosskopf (CRD# 3213930), a broker registered with Peak Brokerage Services, LLC in Burbank, California, has a pending customer complaint on her FINRA BrokerCheck record. The complaint involves a FINRA arbitration case alleging that indexed universal life insurance policies sold between 2013 and 2017 were unsuitable and caused claimants to incur IRS early withdrawal penalties. The complaint also alleges breach of fiduciary duty, negligence, violations of FINRA rules, misrepresentation, and breach of contract. This article provides factual information from publicly available FINRA records to help investors understand their rights and options for recovering investment losses.
BrokerCheck Snapshot
Name: Lisa Joanne Grosskopf
CRD #: 3213930
Firm: Peak Brokerage Services, LLC
Location: Burbank, CA
Years in Industry: 26
Number of Disclosures: 1
Customer Complaint Against Lisa Joanne Grosskopf
According to FINRA BrokerCheck records, Lisa Joanne Grosskopf has one pending customer complaint:
Complaint 1: Pending FINRA Arbitration (2025)
Date Notice/Process Served: October 28, 2025
Status: Pending Arbitration
Nature of Complaint: Claimants claim that they were sold an indexed universal life insurance policy between 2013 and 2017 that was unsuitable for them. The claimants allege that the representative made unsuitable recommendations in that premiums for the policy were withdrawn from qualified accounts causing the claimants to incur IRS early withdrawal penalties. In connection with these recommendations, the claimants allege breach of fiduciary duty, negligence, violations of FINRA rules, misrepresentation, and breach of contract.
Products Involved:
- Indexed Universal Life Insurance
Alleged Damages: $450,000
Additional Damages: The claimants allege additional economic damages, lost investment growth, and other undetermined losses of an unspecified amount.
Arbitration Forum: FINRA
Case Number: 25-02013
Employing Firm When Activities Occurred: Gold Coast Securities, Inc. (CRD# 110925)
Current Employing Firm: Peak Brokerage Services, LLC
Indexed universal life insurance policies are complex financial products that combine a death benefit with a cash value component linked to a market index. These products often carry significant fees, surrender charges, and regulatory restrictions on how funds can be accessed. When insurance premiums are funded by withdrawals from qualified retirement accounts (such as IRAs or 401(k) plans) before age 59½, investors may face IRS early withdrawal penalties of 10% in addition to ordinary income taxes. Brokers recommending such strategies must ensure clients understand these tax consequences and that the overall strategy aligns with the client’s financial situation and goals. Failure to disclose these material facts or recommending an unsuitable investment strategy may constitute broker misconduct.
Pattern of Complaints / Risk Factors
While this is the only complaint on Ms. Grosskopf’s record, the allegations raise important concerns about the sale of indexed universal life insurance policies funded through withdrawals from qualified retirement accounts. Investors should be fully informed of all tax consequences, penalties, and long-term financial implications before pursuing such strategies. Anyone who purchased an indexed universal life insurance policy funded through early retirement account withdrawals should carefully review their account statements and consult with a qualified tax professional or securities attorney to understand whether they may have valid claims for recovery.
Can Investors Recover Losses?
Investors who were recommended unsuitable or high-risk insurance products may have legal recourse through FINRA arbitration or securities litigation. Patil Law, P.C. has over 15 years of experience representing investors in FINRA arbitration and securities litigation, with more than $25 million recovered for clients across 1,000+ cases. We provide a free, confidential consultation to review your potential claim. Our firm works on a contingency fee basis, meaning you pay no attorney fees unless we successfully recover money for you.
If you have concerns about unsuitable recommendations, indexed universal life insurance policies, IRS early withdrawal penalties, or broker misconduct involving Lisa Joanne Grosskopf or Peak Brokerage Services, contact Patil Law, P.C. at 800-950-6553 or info@patillaw.com for a free case evaluation.
About FINRA Arbitration
FINRA arbitration is a streamlined dispute resolution process for securities-related claims. It offers a faster, more cost-effective alternative to traditional court litigation. Most cases are resolved within 12-16 months. Claims generally must be filed within six years of the incident. FINRA arbitration is the primary forum for resolving disputes between investors and brokers or brokerage firms.
Related Brokers and Firms
Investors who have concerns about brokers at Peak Brokerage Services or Gold Coast Securities may wish to review other advisors at these firms or similar allegations at other brokerage firms. Additionally, if your losses involved indexed universal life insurance policies, unsuitable investment recommendations, IRS early withdrawal penalties from qualified accounts, or inadequate risk disclosures, our firm has extensive experience handling these types of cases nationwide.
Frequently Asked Questions
Q1: What is the complaint against Lisa Joanne Grosskopf?
The complaint alleges that Lisa Joanne Grosskopf sold indexed universal life insurance policies between 2013 and 2017 that were unsuitable for the claimants. The claimants allege that the representative made unsuitable recommendations in that premiums for the policy were withdrawn from qualified accounts causing the claimants to incur IRS early withdrawal penalties. The complaint also alleges breach of fiduciary duty, negligence, violations of FINRA rules, misrepresentation, and breach of contract. The claimants are seeking $450,000 in damages plus additional economic damages and lost investment growth. The matter is currently pending in FINRA arbitration.
Q2: Can investors recover losses involving Peak Brokerage Services?
Yes. Investors who suffered losses due to broker misconduct, unsuitable recommendations, or inadequate disclosure at Peak Brokerage Services may be entitled to recover damages through FINRA arbitration. Securities laws require brokers to recommend only those investments that are suitable for their clients based on the client’s financial situation, investment experience, risk tolerance, and investment objectives. An experienced securities attorney can evaluate your claim and explain your recovery options.
Q3: What is FINRA arbitration?
FINRA arbitration is a dispute resolution process administered by the Financial Industry Regulatory Authority. It is designed to resolve investment-related disputes between investors and brokers or brokerage firms. The process is typically faster and less expensive than going to court. A panel of arbitrators reviews evidence and renders a binding decision. Most cases settle before reaching a final hearing.
Q4: What is an indexed universal life insurance policy?
An indexed universal life insurance policy is a type of permanent life insurance that combines a death benefit with a cash value component. The cash value is linked to the performance of a market index (such as the S&P 500). These policies offer flexibility in premium payments and death benefits but carry significant fees, surrender charges, and complexity. Indexed universal life policies may not be suitable for all investors, particularly those who need liquidity, have limited funds, or do not understand the product’s risks and limitations.
Q5: What are IRS early withdrawal penalties?
IRS early withdrawal penalties apply when funds are withdrawn from qualified retirement accounts (such as traditional IRAs, 401(k) plans, or 403(b) plans) before the account holder reaches age 59½. The penalty is typically 10% of the amount withdrawn, in addition to ordinary income taxes owed on the distribution. Certain exceptions apply, but brokers recommending strategies that involve early withdrawals must ensure clients fully understand these tax consequences before proceeding. Failure to disclose these penalties may constitute unsuitable investment advice.
Q6: How do I look up a broker on BrokerCheck?
Visit FINRA’s BrokerCheck website at brokercheck.finra.org. You can search by the broker’s name or CRD number. The report will display the broker’s employment history, professional qualifications, registrations, and any disclosure events such as customer complaints, regulatory actions, or criminal history. Reviewing a broker’s BrokerCheck record is an essential step before investing.
About Patil Law, P.C.
Patil Law, P.C. is a securities litigation firm dedicated to representing investors who have suffered losses due to broker misconduct, unsuitable recommendations, and securities fraud. Founded in 2018 by attorney Chetan Patil, the firm focuses exclusively on FINRA arbitration and investment loss recovery.
With over 15 years of combined experience in securities law, Patil Law has successfully recovered more than $25 million for clients across 1,000+ cases. Attorney Chetan Patil earned his law degree from Case Western Reserve University School of Law. Attorneys Gabriela Dubrocq and Patricia Herrera earned their law degrees from University of Miami. The firm handles cases nationwide involving unauthorized trading, churning, unsuitable investments, breach of fiduciary duty, and failure to supervise.
Patil Law works on a contingency fee basis, meaning clients pay no attorney fees unless the firm successfully recovers money on their behalf. All consultations are free and confidential.
Contact Patil Law, P.C.
If you lost money investing with Lisa Joanne Grosskopf or any broker at Peak Brokerage Services or Gold Coast Securities, contact Patil Law, P.C. today for a free, no-obligation consultation. Our experienced securities attorneys will review your case and explain your legal options.
Call: 800-950-6553
Email: info@patillaw.com
Website: investmentlosslawyer.com
We represent investors nationwide on a contingency fee basis. You pay nothing unless we recover money for you.
Disclaimer
The information in this post is based on FINRA BrokerCheck records and public filings. Allegations described are pending or unproven and may be contested. All investors are entitled to fair treatment under securities laws. This is attorney advertising. Prior results do not guarantee a similar outcome. This communication is for informational purposes only and does not create an attorney-client relationship.
