DID NICHOLAS R BROWN CAUSE YOU INVESTMENT LOSSES?
Nicholas Brown Of Valic Financial Advisors, Inc. Has A Customer Complaint For Alleged Broker Misconduct
About Nicholas Brown of Valic Financial Advisors, Inc.?
Nicholas Brown (CRD #4897665) , has a professional history that might concern prospective clients. Registered with VALIC Financial Advisors, Inc. since February 2010, his career has been limited to just 12 U.S. states and territories. Despite having several years in the industry, Brown has only passed two general industry/product exams and the multi-state securities law exam, lacking any principal/supervisory qualifications. This limited breadth in qualifications, coupled with a customer dispute, reflects a potential risk for those seeking comprehensive financial guidance. His previous stints include Wells Fargo Advisors and Banc of America Investment Services.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Nicholas Brown Customer Complaint and Reviews
- Customer Dispute (Settled)
- Date Complaint Received: April 28, 2023
- Allegations: The client alleged that Brown took unnecessary risks with their mutual fund investments, which resulted in the client feeling compelled to liquidate their portfolio at a loss.
- Outcome: The complaint was settled for $18,000 in September 2023, although Brown contributed nothing to the settlement amount. This incident raises significant concerns about his investment strategies and client management.
Allegations Against Nicholas Brown
Nicholas Brown was accused of mismanaging a client’s investment portfolio by taking undue risks that did not align with the client’s financial goals or risk tolerance. The client alleged that this mismanagement forced them to liquidate their investments at a loss, significantly impacting on their financial stability. The settlement of the dispute, albeit without an admission of wrongdoing by Brown, points to potential issues in his advisory practices and ethical standards.
Nicholas Brown Red Flags & Your Rights As An Investor
Of course, Nicholas Brown did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Nicholas Brown at Valic Financial Advisors, Inc. on alert to review carefully the activity and performance of their accounts and question whether Nicholas Brown has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Valic Financial Advisors, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Valic Financial Advisors, Inc. Due To Nicholas Brown
If you have questions about Valic Financial Advisors, Inc. and/or Nicholas Brown and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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