Last Updated: November 2023 (Boca Raton, FL)
Adam Brown Investigation Summary
Here’s what you need to know about Boca Raton, FL, stockbroker Adam Brown:
- Name: Mr. Adam Dale Brown
- Current Employer: Westpark Capital Inc., Westpark Capital (RIA)
- Previous Firms: Newport Coast Securities, Dawson James Securities, Signator Investors, Metlife Securities
- Function: Stock Broker/ Financial Advisor
- Aliases: Adam Brown
- Primary Location: Boca Raton, FL
- CRD 4506309
- Can Adam Brown be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Two Pending Customer Disputes Seek Damages totaling over $400,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Adam Brown As Your Stockbroker?
A customer of Westpark Capital has filed a FINRA arbitration alleging that Adam Brown made unsuitable recommendations and churned their account. Damages of $$351,987 are sought in this pending matter.
Another customer of Westpark Capital has filed a FINRA arbitration alleging that Adam Brown breached his fiduciary duty and was grossly negligent by recommending investments in alternative investments. Damages of $50,000 are sought.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.
Allegations of Broker Misconduct Against Adam Brown
Customers of Adam Brown have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in alternative investments
- Churning
- Gross Negligence
- Breach of Fiduciary Duty
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
Rex Securities Law Investment Fraud Attorney Investigates Dawson James Securities
If you have suffered investment losses in an account handled by Adam Brown, 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.
