Advisor Alert: Our Attorneys Are Investigating Cheryl Ann Brown For Investment Fraud
Did You Lose Money Because of Cheryl Brown?
Filed: November 6, 2023
Cheryl Ann Fromholt (also known as Cheryl Ann Brown) has been the subject of one (1) termination event, one (1) financial event, and one (1) customer complaint. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Cheryl Ann Brown.
Who Is Cheryl Ann Brown of LPL Financial LLC?
- Advisor Name: Cheryl Ann Brown
- Aliases: Cheryl Ann Fromholt
- CRD: 1650399
- Location: Worthington, Ohio
- Current Employer: LPL Financial LLC
- Previous Firms: H. Beck, Inc. and FSC Securities Corporation
- Number of Known Customer Complaints: 1
- Number of Known Financial Events: 1
- Number of Known Termination Events: 1
- Can Cheryl Brown Be Sued: Yes, in Private Arbitration
- Can Cheryl Brown’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $450,000
- Highest Settlement: $40,000
If you have suffered investment losses by Cheryl Brown, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a failure to supervise lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Cheryl Brown For Broker Misconduct
As of this publication date, Cheryl Brown has been the subject of 1 termination event, 1 financial event, and 1 customer dispute. Let’s review them below.
In December 2020, a complaint was filed against or in reference to Cheryl Brown by multiple customer of H. Beck, Inc. alleging that Ms. Brown misrepresented the risks associated with BDCs and that the investments were unsuitable. Per the customers, they lost over $450,000 because of Ms. Brown’s actions. On September 13, 2021, Ms. Brown settled the claim for $40,000, and some or all of this amount may have been paid by Ms. Brown’s employer and/or insurance carrier.
In June 2015, JPMCB/Chase reported that Cheryl Brown had outstanding debt totaling $8,820.58. Cheryl Brown settled this matter in the amount of $5,950.
In April 2010, FSC Securities Corporation terminated Cheryl Brown for cause for violation of: company compliance rules and finra practice rules related to the use of office space by persons not affiliated with the company; and regulation S-P based on the representative’s unprotected storage of company client files on an electronic storage system shared with another broker-dealer and possibly owned by a registered representative of the other broker dealer.
How To File A Claim Against Cheryl Brown of LPL Financial LLC (previously with H. Beck, Inc. and FSC Securities Corporation) To Get Your Money Back.
If you have questions about Cheryl Brown, LPL Financial LLC, H. Beck, Inc., FSC Securities Corporation, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.