Last Updated: April 2026 — Valley Village, CA
Here’s what you need to know about Valley Village, CA stockbroker Richard Brown:
- Name: Richard Raymond Brown
- Current Employer: Arete Wealth Advisors, LLC; Arete Wealth Management, LLC
- Prior Firms:
- Lincoln Financial Advisors Corporation (1997–2019)
- The Lincoln National Life Insurance Company (2001–2006)
- Cigna Financial Advisors, Inc. (1994–1998)
- Other Business Affiliations:
- Apheta (insurance sales; premium financing)
- CPA Academy (continuing education instructor)
- CRD Number: 2541545
- Stockbroker / Financial Advisor: Yes
- Can Broker be Sued in FINRA: Yes
- Sanctioned by Securities Regulators: No
- Highest Award or Settlement: $2,250,000
- Current Customer Dispute Seeks Total Damages of: $1,500,000
Richard Raymond Brown is currently registered with Arete Wealth Advisors, LLC and Arete Wealth Management, LLC, where he has been employed since December 2019. He has a long tenure in the securities industry and holds multiple securities licenses, including the Series 7 and Series 6.
If you’ve sustained damages from Mr. Brown, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Richard Brown As Your Stockbroker?
Richard Brown has been named in multiple customer disputes, including a significant prior settlement and a pending complaint:
- February 2010 (FINRA Case No. 11-00516): Clients alleged that Mr. Brown, while employed by Lincoln Financial, recommended placing assets with a private portfolio manager beginning in April 2007, which was unsuitable due to high costs and illiquid investments. The case was settled in March 2012 for $2,250,000.
- March 2026: A pending complaint alleges that Mr. Brown was involved in the sale of premium-financed indexed universal life insurance policies in 2021. The customer claims that illustrations and projections were misleading and that risks were not adequately disclosed. The claim seeks $1,500,000 in damages.
Allegations of Broker Misconduct Against Richard Brown
- Unsuitability
Recommendations involving illiquid or high-cost investments may violate FINRA Rule 2111 (Suitability). - Breach of Fiduciary Duty
- Misrepresentation
Allegations of misleading projections or failure to disclose risks may implicate FINRA Rule 2020 and FINRA Rule 2010.
Recover Your Investment Losses Now With Rex Securities Law
Investigations of Arete Wealth Management and Arete Wealth Brokers-Lawsuits, Arbitrations & Disputes
If you have suffered investment losses in an account handled by Richard Raymond 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.