Articles Tagged with Raymond Brown

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Raymond Brown (Brown), previously associated with Northwestern Mutual Investment Services, 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 pending customer complaint on July 17, 2025.

Customer alleges that in or around June 2024, representative sold him a variable universal life insurance policy without the customer’s knowledge and without his understanding that a loan had been taken from his non-variable life insurance policy to pay the premium on the new variable policy. Customer alleges the representative misled him to believe that money from the non-variable policy that had been deposited into his account was a withdrawal of liquid cash value from the non-variable policy, not a loan, and that subsequent debits taken from the customer’s account were to return overpayments from the non-variable policy, not to make premium payments on the variable policy.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Raymond Brown (Brown), previously associated with Northwestern Mutual Investment Services, 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 $121,499.00 on May 15, 2025.

Customers allege that in or around September 2023, the Representative misrepresented life insurance policies, including a variable universal life policy, as flexible, liquid investment vehicles with tax-free growth and that any money paid in could be accessed. Customers allege the Representative did not disclose the insurance nature of the products; costs; liquidity limitations; and the restrictions and consequences of altering or stopping contributions (premium payments).

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Raymond Brown (Brown), previously associated with Northwestern Mutual Investment Services, 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 $14,396.00 on April 15, 2025.

Customer alleges that the variable universal life insurance policy the Representative recommended in or around March 2024 was not suitable for the customer’s goals.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Raymond Brown (Brown), previously associated with Northwestern Mutual Investment Services, 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 $50,000.00 on April 04, 2025.

Customers allege that in or around July 2023, the Representative recommended they exchange non-variable life insurance policies for variable universal life insurance policies and that they would be able to access the full cash value of the variable policies immediately.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Raymond Brown (Brown), previously associated with Northwestern Mutual Investment Services, 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 $21,987.00  on February 13, 2025.

Customers allege that in or around July 2024, the Representative misrepresented that two variable life insurance policies would be treated as investment accounts and that ongoing premiums would not be required.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Raymond Brown (Brown), previously associated with Northwestern Mutual Investment Services, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Brown recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on November 13, 2024.

Customer alleges that in or around November 2023, the Representative misled the customer in the sale of a variable universal life insurance policy. Customer asserts the rep didn’t provide any investment diversification the customer sought and only recommended life insurance.