Articles Tagged with Conspiracy

Did you invest money with Richard L. Brown? If so, you may be able to recover your losses by suing his former firm, Brookstone Securities, in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis. The call to us is free and there is no obligation. We have represented thousands of investors in this process. Richard L. Brown has one pending and one final criminal charge, according to his FINRA online, public BrokerCheck page. He has one pending civil event and one pending customer dispute. He has been accused of Conspiracy to Commit Securities Fraud, Securities Fraud, Money Laundering Conspiracy and Conspiracy to commit wire fraud. A customer of Brown’s is alleging damages of $72,133 for churning and suitability, stemming from when Brown was registered at Brookstone Securities. Four prior complaints alleged damages of $120,000 for excessive trading and unsuitable recommendations.

Richard L. Brown was registered with H.D. Vest Investment Securities in Irving, Texas from July 1990 until April 1993, Walnut Street Securities in El Segundo, California from April 1993 until October 2005 and Mutual Service Corp in Richardson, Texas from September 2005 until September 2009. He is currently registered with LPL Financial in Richardson and has been since September 2009.

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