Richard Brown – SEC Charged Richard Brown with Fraud | Goodman & Nekvasil P.A., May Recover Investor Losses
Richard Brown CRD #3245291
Richard Brown was a formerly licensed financial advisor with Arive Capital Markets and Chelsea Financial Services. According to FINRA, Richard Brown agreed to pay restitution in the amount of $96,598 to the State of Maine for the benefit of the investor victim.
According to the SEC Allegations:
Richard Brown consented to the sanctions and to the entry of findings that Richard Brown refused to appear for on-the-record testimony requested by FINRA during the course of an investigation that began after it learned of investor-related civil lawsuits disclosed in amended Form U5s submitted by Richard Brown’s former member firm. The findings stated that the civil lawsuits alleged unfair and deceptive trade practices and state securities fraud regarding investments in fictitious entities.
According to Richard Brown’s CRD:
A customer dispute has been filed alleging sales practice violations against Richard Brown.
Customer Dispute 11/24/18: Allegations include suitability and losses. This customer dispute is pending and seeks $77,570.21 in damages.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Richard Brown and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Richard Brown’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Richard Brown and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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