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WARNING! Impending Investigation: JOHN ALLEN BROWN and LPL FINANCIAL

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02
Jul

WARNING! Impending Investigation: JOHN ALLEN BROWN and LPL FINANCIAL

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John Allen Brown and LPL Financial

Have you lost money with financial advisor John Allen Brown of Binghamton, New York?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against John Brown.  Brown was barred from the securities industry after he failed to respond to a FINRA investigation.  FINRA was investigating Brown for allegations that he borrowed $220,000 from an 83 year old customer, in violation of FINRA rules and of his brokerage firm’s (LPL Financial) internal policies.

John A. Brown was a financial advisor and registered representative of LPL Financial from November 2010 to May 2015.  He worked in a branch office in Binghamton, New York.

Brokerage firms like LPL Financial have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies, such as refraining from selling investments and securities that are not approved by the firm.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New York.  Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond John, ProEquities, Securities America, National Securities Corp., and many others.

 

If you lost money with John Brown or LPL Financial, please Contact Us at 720-599-3505 for a free evaluation of your case.

Click to view:  Brown FINRA AWC

Click to view:  Brown BrokerCheck 7.2.15

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
10.0David P Neuman

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