Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kimberly Brown (Brown), currently associated with Janney Montgomery Scott LLC, has at least one disclosable event. These events include one customer complaint, alleging that Brown recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $7,152,540.24 on September 22, 2021.
Claim alleges that accounts were permitted to be unsuitably invested by a senior client using a margin strategy, which was implemented at a prior firm and resulted in a margin call liquidation in March of 2020.