Gary J. Gross took in more than $700,000 in commissions and fees, while causing investors to lose more than $2.7 million between 2004 and 2006

Gary J. Gross, who worked in the Boca Raton office of broker-dealer Axiom Capital Management, recommended unsuitable securities and engaged in unauthorized and often unsuitable trades in his customers' accounts.It is alleged that Gross took in more than $700,000 in commissions and fees, while causing investors to lose more than $2.7 million between 2004 and 2006.To cover up his misconduct, Gross, who now lives in Far Rockaway, N.Y., allegedly provided some customers with documents reflecting false account values, according to the complaint filed in U.S. District Court for the Southern District of Florida.The SEC is seeking a permanent injunction against Gross, as well as attempting to get back the money he allegedly took along with interest and a fine.

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