Patrick L. Brown Investigation
October 2021-Montgomery, AL
According to publicly available records Patrick L. Brown , a stockbroker who was previously registered with Merrill Lynch, discloses the recent resolution of a customer suit for $1.3 million.
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 2/2021 a customer of Merrill Lynch was paid $1,347,000 to settle a suit alleging that Brown fraudulently transferred stocks. Case 1:18-cv-00050-TFM-MJ, filed in US District Court for the Southern District of Alabama.
Patrick Brown was employed by Merrill Lynch from 9/2012-11/2020. He is not currently registered with any broker-dealer.
If you suffered losses in an account handled by Patrick Brown, call for a no charge consultation with an experienced securities attorney to discuss your options for recovery of damages.
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.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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