• Report: #435918

Complaint Review: Gryphon Financial

  • Submitted: Fri, March 20, 2009
  • Updated: Tue, June 16, 2009

  • Reported By:Dallas Texas
Gryphon Financial
110 Wall Street 11th Floor New York, New York U.S.A.

Gryphon Financial Boiler Room Operation, Watch out! New York New York

*Consumer Comment: Response on Behalf of Gryphon Holdings, Inc.

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Not only do these crooks rip people off with their ridicilous newsletters, but they will scream and curse at you on the phone when you have a complaint. These crooks will violate virtually any law without any regard whatsoever. They even violate copyright law and steal other authors material without their consent. How do I know? Because it has happened to me. And I will be sueing them soon.

For those of you who got ripped off by their stock trades, you should contact the Securities and Exchange Commission and file a formal complaint.

DO YOURSELF A FAVOR AND STAY CLEAR OF THESE CROOKS. ALSO TELL EVERYONE YOU KNOW TO STAY AWAY. Watch out because they are likely to change their name and set up a new shop. You can always track their actions by signing into FINRA brokercheck.

Dallas, Texas

This report was posted on Ripoff Report on 03/20/2009 09:47 AM and is a permanent record located here: http://www.ripoffreport.com/r/Gryphon-Financial/New-York-New-York-10005/Gryphon-Financial-Boiler-Room-Operation-Watch-out-New-York-New-York-435918. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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Updates & Rebuttals

#1 Consumer Comment

Response on Behalf of Gryphon Holdings, Inc.

AUTHOR: Adorno & Yoss Llp - (U.S.A.)

This response is being posted by Adorno & Yoss LLP, counsel to Gryphon Holdings, Inc. d/b/a Gryphon Financial (Gryphon"). We have been requested by Gryphon to respond to the false and defamatory statements posted in this Report.

Gryphon makes very clear on its website (www.GryphonFinancial.net) that it is an educational service--not an investment advisor, stating in its Disclaimer:

GryphonFinancial.net is an educational service, not an investment advisor. All subscribers to each service receive the exact same trading signal publications. Active trading is not for everyone; please speak to your investment advisor before determining the suitability of GryphonFinancial.net educational services for your objectives and risk tolerance.

The Disclaimer further unambiguously states that the recommendations provided by Gryphon are not guaranteed.

When consumers visit Gryphon's website, they must agree to the terms and conditions specified therein and enter their credit card information in order to enroll in any particular service. The webpage clearly provides the Risk Disclosure, which states:

The risk of loss in tradingcan be substantial. You should, therefore, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should be aware of the following points:

(1) You may sustain a total loss of the funds that you deposit with your broker to establish or maintain a position in the commodity futures market, and you may incur losses beyond these amounts

(2) Under certain market conditions, you may find it difficult or impossible to liquidate a position.

In response to Steve's other allegations, Gryphon maintains that its employees would never speak to a customer in the unprofessional manner as described by Steve.

Gryphon has authorized Adorno & Yoss LLP to initiate any and all actions as may be necessary to prevent defamatory statements from being posted about its company on the Internet and will do so in the appropriate judicial forum, not on the Internet through an anonymous name.
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