Last Updated: March 2025 | Annapolis, MD
Brion Harris Investigation Summary
Here’s what you need to know about Annapolis, MD, stockbroker Brion Harris:
- Name: Mr. Brion Patrick Harris
- Current Employer: Cetera Investment Advisers LLC
- DBA: Premier Planning Wealth Management
- Prior Employers:
- Cetera Advisor Networks LLC
- Summit Financial Group Inc.
- Summit Brokerage Services, Inc.
- Cambridge Investment Research Advisors, Inc.
- Lincoln Financial Securities Corporation
- AXA Advisors, LLC
- Function: Stockbroker / Financial Advisor
- Aliases: Brion Harris
- Primary Location: Annapolis, MD
- CRD #: 3199095
- Can Brion Harris be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? Yes
- Highest Settlement or Award: $342,771
- One Pending Customer Dispute Seeks Damages of: Unspecified
If you’ve sustained damages from Mr. Harris, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Brion Harris As Your Stockbroker?
Brion Harris has been the subject of multiple customer disputes, regulatory actions, and a prior termination from Lincoln Financial Securities Corporation.
- Alleged Misconduct: Unsuitable investment recommendations
- Total Settlement Amounts in Prior Cases: Over $818,000
- Notable Settlements:
- $342,771 (Variable Annuity & REIT)
- $190,000 (Oil & Gas Investments)
- $175,000 (High-Risk Alternative Investments)
- $100,000 (Overconcentration in unsuitable investments)
- $12,500 (Real Estate Security)
See this for more information on REITs and Other Alternative Investments
Allegations of Broker Misconduct Against Brion Harris
Customers and regulators have alleged the following misconduct by Brion Harris:
- Unsuitable Investment Recommendations – Customers claim Harris recommended high-risk, illiquid investments, including real estate securities, oil & gas investments, and variable annuities, violating FINRA Rule 2111 (Suitability Rule).
- Misrepresentation & Non-Disclosure – Clients alleged that Harris failed to disclose the illiquidity of REIT investments and variable annuities, leading to unexpected financial losses.
- Backdated Client Documents – In 2013, Harris was sanctioned by FINRA for submitting backdated subscription documents for six investments totaling $328,000, violating FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade). He was fined $5,000 and suspended for one month.
- Regulatory Enforcement & Termination – Harris was discharged from Lincoln Financial Securities Corporation for loss of confidence after the discovery of backdated client documents and non-approved investment referrals.
- Failure to Supervise – His misconduct involved actions that disregarded FINRA compliance regulations, leading to multiple client complaints and settlements.
These violations fall under FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) and FINRA Rule 2111 (Suitability Rule), which require brokers to act in good faith and recommend investments suitable for their clients’ financial profiles.
Recover Your Investment Losses Now With Rex Securities Law
Investigation of Cetera Financial Brokers-Lawsuits, Arbitrations & Disputes
If you have suffered investment losses in an account handled by Brion Harris, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.