April 2026- Lee’s Summit, MO
The FINRA records of Martin Earl Brooks , a former stockbroker who was last employed by United Planners Financial Services of America (7/2016-12/2019) , disclose two prior final customer disputes, a regulatory matter and a discharge from employment.
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.
In March 2018, Brooks was suspended for 15 days and fined $5,000 by FINRA to resolve allegations that while employed by Multi-Financial Securities (now known as Cetera Advisors) he purchased shares in a real estate fund for five different customers, without their permission. Brooks failed to mark the trades as solicited , and improperly marked them as unsolicited.
In 2/2024 a customer of Cetera Advisors was paid $75,000 to resolve an arbitration alleging that Brooks misrepresented a real estate investment.
In July 2017, a customer of Cetera Advisors was paid $490,000 to resolve allegations that real estate investments recommended by Brooks were unsuitable.
More on REITs and Other Alternative Investments
Brooks was employed by Cetera Advisors from 10/2006-4/2016, when he was discharged by Cetera who made the following allegation on Brooks‘ FINRA record: “allegation by client that representative recommended unsuitable investments.”
Brooks has been employed by United Planners since 7/2016.
If you have questions about an account handled by Martin Brooks , contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
Firms We Have Pursued For Our Clients
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
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