Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nicholas Brown (Brown), currently associated with Osaic Wealth, INC., 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 $45,000.00 on April 28, 2023.
Client alleged FA took unnecessary risk with portfolio and were felt they were left with no choice but to liquidate portfolio at a time when the account was down which resulted is locking in a loss.