What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: July 7, 2015

The Financial Industry Regulatory Authority (FINRA) recently barred John Allen Brown from the industry. Brown was a registered representative with LPL Financial at the time of the investigation. Allegedly, Brown borrowed $220,000 from an 83-year old customer, without disclosing this fact to his company. This is a violation of FINRA rules. His former firm, LPL, had a duty to reasonably supervise him and his activities, and this is why they can be sued in the FINRA arbitration process to recover money. Please call our securities law firm at 312-332-4200 to speak to an attorney about your options.

Brown was registered with Investment Distributors Inc from July 1984 until October 1986, SG Equities Corporation from November 1986 until April 1989, Brian M. Prew & Associates from May 1986 until April 1998, Bryn Mawr Securities from April 1998 until May 2001, Securities America from May 2001 until July 2003, NFP Securities from July 2003 until November 2010, and LPL Financial in Binghampton, New York from November 2010 until May 2015. He has one customer dispute against him. Brown is not currently registered with any firm and is not licensed. He has been permanently barred from the industry.

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