Last Updated: January 2026 — Tarpon Springs, FL
Here’s what you need to know about Tarpon Springs, FL stockbroker Brett Michael Frum:
- Name: Brett Michael Frum
- Current Employer: KCD Financial, Inc.- since 11/2021
- Prior Firms:
- AEI Securities, Inc.
- Patrick Capital Markets, LLC
- Provasi Capital Partners LP
- BIC Distributors, LLC
- MBSC Securities Corporation
- Prudential Investment Management Services LLC
- Thornburg Securities Corporation
- Seligman Advisors, Inc.
- Deutsche Banc Alex. Brown Inc.
- PaineWebber Incorporated
- Hibbard Brown & Co., Inc.
- Other Business Affiliations:
- TradeBacked Inc. (Director of Sales and Distribution; leaseback financing to SMEs)
- CRD Number: 2175253
- Stockbroker / Financial Advisor: Yes
- Can Broker be Sued in FINRA: Yes
- Sanctioned by Securities Regulators: No
- Highest Award or Settlement: $10,000
- Current Customer Dispute Seeks Total Damages of: Between $1,000,000 and $5,000,000
If you’ve sustained damages from Mr. Frum, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Brett Frum As Your Stockbroker?
Brett Michael Frum is currently named in a pending FINRA arbitration involving allegations tied to private placement investments. The arbitration, filed in September 2025 by a customer of KCD Financial, alleges that Frum recommended risky private placement products to the customer in 2022.
The claim seeks between $1,000,000 and $5,000,000, plus interest and costs.
Private Placements under Reg D: What is a Private Placement? According to the U.S. Securities and Exchange Commission (SEC):
“Under the federal securities laws, a company may not offer or sell securities unless the offering has been registered with the SEC or an exemption from registration is available. Offerings exempt from the SEC’s registration requirements pursuant to Securities Act Section 4(a)(2) or its safe harbor under Regulation D of the Securities Act are often referred to as private placements.”
The SEC warns that unregistered offerings may be utilized to conduct investment scams and that investors should have the ability to weather a total loss in these illiquid investments. See this SEC Investor Alert about red flags to watch out for in unregistered offerings.
Allegations of Broker Misconduct Against Brett Michael Frum
The allegations asserted in the pending FINRA arbitration include:
- Risky Products Recommended
Recover Your Investment Losses Now With Rex Securities Law
Our Investigations of KCD Financial Brokers
If you have suffered investment losses in an account handled by Brett Michael Frum, 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.