Last Updated: June 2024 (San Diego, CA)
Parker Brean Investigation Summary
Here’s what you need to know about San Diego, CA, stockbroker Brean Parker:
- Name: Mr. Parker Wayne Brean
- Current Employer: Hilltop Securities
- Previous Firms: M.L. Stern & Co.
- Function: Stock Broker/ Financial Advisor
- Aliases: Parker Brean
- Primary Location: San Diego, CA
- CRD 5507026
- Can Parker Brean be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Alleging Excessive Trading Seeks Damages of Unspecified Amount
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Parker Brean As Your Stockbroker?
In 4/2024 a customer of Hilltop Securities alleged that Parker Brean made excessive traces and charged excessive commissions. A damage amount has not yet been specified in this currently pending matter.
In 2019 a customer of Hilltop Securities filed a complaint with the SEC alleging account losses of $95,000 and unauthorized trading. The company denied the complaint and apparently the customer did not file a FINRA arbitration or otherwise pursue the matter.
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Other Cases Involving Unauthorized Trading
Allegations of Broker Misconduct Against Parker Brean
Customers of Parker Brean have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unauthorized Trading
- Excessive Trades and Commissions
[LEARN MORE]:
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
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
[LEARN MORE]: Investigations of Hilltop Securities and Hilltop Securities Brokers–Lawsuits, Arbitrations & Customer Disputes
If you have suffered investment losses in an account handled by Parker Brean, 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.