DID STEPHEN G BROWN CAUSE YOU INVESTMENT LOSSES?

Stephen Brown Formerly With Merrill Lynch, Pierce, Fenner & Smith Incorporated Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Stephen Brown formerly with Merrill Lynch, Pierce, Fenner & Smith Incorporated?

Stephen Brown (CRD #3067604) who was formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated and located in Punta Gorda, Florida, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Merrill Lynch, Pierce, Fenner & Smith Incorporated, Stephen Brown was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Investment Losses? Let’s talk.

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Stephen Brown Customer Complaints

Stephen Brown has been the subject of 2 customer complaints that we know about to recover investment losses. One customer complaint was settled by Merrill Lynch Pierce Fenner and Smith in favor of the investor. NYLIFE Securities denied the other customer complaint and no further action was taken.

Allegations Against Stephen Brown

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

• Failure to disclose fees associated with the variable annuity contract.
• The advisor failed to obtain the proper form for withdrawal of funds from the intended Individual Retirement Account. Instead, the withdrawal came from an annuity that was not to be drawn upon until a certain age in order to receive a guaranteed rate.

Stephen Brown Red Flags & Your Rights As An Investor

Of course, Stephen 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 Stephen Brown at Merrill Lynch, Pierce, Fenner & Smith Incorporated on alert to review carefully the activity and performance of their accounts and question whether Stephen Brown has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Merrill Lynch, Pierce, Fenner & Smith Incorporated 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 Merrill Lynch, Pierce, Fenner & Smith Incorporated Due To Stephen Brown

If you have questions about Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Stephen 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.

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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