Rex Securities Law Investment Fraud Attorney Investigates Northwestern Mutual Investment Services Broker Trey Brown

Rex Securities Law Investment Fraud Attorney Investigates Northwestern Mutual Investment Services Broker Trey Brown

Rex Securities Law Investment Fraud Attorney Investigates Northwestern Mutual Investment Services Broker Trey Brown 150 150 Robert Rex, Esq.

Last Updated: January 2025 (Frisco, TX)

Trey Brown Investigation Summary

Here’s what you need to know about Frisco, TX, former stockbroker Raymond Trey Brown:

  • Name: Raymond Trey Brown
  • Last Registered Employer: Northwestern Mutual Investment Services, LLC
  • CRD Number: 6170291
  • Function: Former Stockbroker / Financial Advisor
  • Primary Location: Frisco, TX
  • Aliases: Trey Brown
  • Can Raymond Brown be sued in FINRA arbitration? Yes
  • Sanctioned by FINRA: No
  • Employment Separation after Allegations: Yes
  • Highest Settlement or Award: $109,752
  • Pending Customer Dispute Over variable universal life insurance policy: Yes

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 Trey Brown As Your Stockbroker?

Mr. Brown has been the subject of customer disputes and employment termination following allegations of misconduct.

  • Pending Arbitration (Case #24-02319): Filed on November 13, 2024, a customer alleges misrepresentation and lack of diversification in the sale of a variable universal life insurance policy. Customer alleges Brown didn’t provide any investment diversification and only recommended life insurance. A damage amount is not yet specified.
  • Customer Complaint (Settled for $109,752): Filed on September 19, 2024, the complaint alleged misrepresentation in the sale of two variable life insurance policies, including misleading statements about liquidity. Customers claimed they did not understand that they were purchasing life insurance and that they cannot afford the premiums.

Allegations of Broker Misconduct Involving Life Insurance Recommendations

Customers and a former employer have alleged the following misconduct against Trey Brown:

  • Misrepresentation:
    Customers allege that Mr. Brown provided misleading information regarding the liquidity and suitability of life insurance policies, violating FINRA Rule 2020, which prohibits deceptive or fraudulent practices.
  • Unsuitable Investment Recommendations:
    Allegations include selling unsuitable life insurance policies and overconcentrating client portfolios, violating FINRA Rule 2111 on suitability.
  • Employment Termination Following Allegations:
    Mr. Brown was “permitted to resign” from Northwestern Mutual Investment Services, LLC, on December 4, 2024, while under internal review for concerns regarding misleading clients, overselling insurance policies, and providing inaccurate income data for the customer in order to gain company approval for the sale.

Other Investigations involving Insurance

FINRA mandates brokers to disclose customer complaints, regulatory actions, and employment terminations, which are critical for evaluating a broker’s integrity and compliance with industry standards.

FINRA Rule 2111- suitability -Regulation Best Interest

Recover Your Investment Losses Now With Rex Securities Law

If you have suffered investment losses in an account handled by Raymond “Trey” 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.

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