DID RICHARD WHITFIELD BROWN CAUSE YOU INVESTMENT LOSSES?
Richard Brown Of Cetera Advisor Networks LLC Has 11 Customer Complaints For Alleged Broker Misconduct
About Richard Brown of Cetera Advisor Networks LLC?
Richard Brown (CRD #1595628) is a seasoned broker currently registered with Cetera Advisor Networks LLC in Fort Myers, Florida, having joined on August 22, 2019. His registration spans across 30 U.S. states and territories. Brown has a solid foundation in the industry, evidenced by passing 1 principal/supervisory exam, 2 general industry/product exams, and 1 multi-state securities law exam. Throughout his career, which began in October 1988 at Raymond James & Associates, Brown has been affiliated with multiple firms, including McDonald Investments Inc. and Summit Brokerage Services, indicating extensive experience and adaptability within the financial sector.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Richard Brown Customer Complaints and Reviews
Richard Brown’s record includes a number of customer disputes:
- Total Customer Disputes: 11 incidents, with a detailed breakdown including both settled disputes and ongoing issues.
- Settled Disputes: Six disputes have been settled, with allegations mostly revolving around unsuitable investments and misrepresentations. Settlement amounts varied, with Brown contributing financially in some instances.
- Pending Disputes: Currently, there is one pending dispute alleging unsuitable investment recommendations and excessive annuity sales, with claimed damages totaling approximately $368,803.
Allegations Against Richard Brown
- Customer Disputes:
- Multiple allegations of unsuitable investments and misrepresentation, particularly related to annuities and real estate securities.
- Specific cases involved claims of breach of fiduciary duty, negligence, and fraud.
- Pending Dispute:
- The most recent pending dispute involves claims of unsuitable investment strategies and excessive annuity sales, reflecting ongoing concerns about the appropriateness of the broker’s investment recommendations for his clients.
Richard Brown Red Flags & Your Rights As An Investor
Of course, Richard 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 Richard Brown at Cetera Advisor Networks LLC on alert to review carefully the activity and performance of their accounts and question whether Richard Brown has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cetera Advisor Networks LLC also raises questions about the brokerage firms’ 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 Cetera Advisor Networks LLC Due To Richard Brown
If you have questions about Cetera Advisor Networks LLC and/or Richard 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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