Last Updated: May 2025
Christopher Brothers Investigation Summary
Here’s what you need to know about Fort Lauderdale, FL, stockbroker Christopher Brothers:
- Name: Mr. Christopher Thomas Brothers
- Current Employer: Maxim Group LLC
- Prior Employers: Advanced Equities, Inc.; KSH Investment Group, Inc.; GKN Securities Corp.; Americorp Securities, Inc.; Whale Securities Co., L.P.
- Function: Stockbroker / Financial Advisor
- Aliases: Chris Brothers, Christopher T. Brothers
- Primary Location: Fort Lauderdale, FL
- CRD Number: 2186156
- Can Christopher Brothers be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $80,000
- Pending Customer Dispute Seeks Damages of: $300,000
If you’ve sustained damages from Mr. Brothers, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Christopher Brothers As Your Stockbroker?
There is also a currently pending customer dispute filed in June 2024, in which six customers of Maxim collectively seek over $300,000 in damages and allege that Brothers made unsuitable recommendations, misrepresentation, and breached his fiduciary duty when recommending a private placement investment.
A customer of Maxim Group LLC was paid $80,000 in March 2025 to settle allegations that Chris Brothers made misrepresentations and breached fiduciary duties
Another matter, also brought by a customer of Maxim, settled in February 2025 and alleged unsuitable recommendations, misrepresentations, omissions, breach of contract, negligent supervision, and breach of fiduciary duty, seeking unspecified compensatory damages was settled for $20,000.
Additionally, a customer dispute from May 2010 alleged breach of fiduciary duty and negligence in the management of accounts, among other claims, resulting in a $40,000 settlement.
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 Christopher Brothers
Customers of Christopher Brothers have alleged the following wrongdoing:
- Misrepresentations and breaches of fiduciary duty
- Unsuitable investment recommendations
- Overconcentration of investments in high-risk securities
- False statements and omissions of material fact
- Negligent supervision
- Breach of contract
- Excessive trades in account
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
According to FINRA Rule 2111 (Suitability), brokers are required to have a reasonable basis to believe that a recommended transaction or investment strategy is suitable for the customer, based on the information obtained through reasonable diligence.
Recover Your Investment Losses Now With Rex Securities Law
Our Investigations of other Maxim Group Brokers
If you have suffered investment losses in an account handled by Christopher Thomas Brothers, 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.