Advisor Alert: Our Attorneys Are Investigating Frederick Eugene Monroe, Jr. For Investment Fraud

Chetan Patil on October 26, 2023

Did You Lose Money Because of Fred Monroe, Jr. (previously with Voya Financial Advisors)?

Filed: October 25, 2023

Fred Monroe Jr (also known as Frederick Eugene Monroe, Jr.) currently has one (1) pending customer dispute. Overall, he has been the subject of one (1) termination event, one (1) regulatory event, one (1) criminal event, and sixteen (16) customer complaints. 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 Fred Monroe, Jr..

Who Is Frederick Eugene Monroe, Jr.?

  • Advisor Name: Frederick Eugene Monroe, Jr.
  • Aliases: Fred Monroe Jr, Frederick Eugene Jr Monroe
  • CRD: 2457010
  • Location: Albany, New York State
  • Current Employer: No Longer Allowed to Practice in the Securities Industry
  • Previous Firms: Voya Financial Advisors, Inc., Northwestern Mutual Investment Services, LLC, and Robert W. Baird & Co. Incorporated
  • Number of Known Customer Complaints: 16
  • Number of Known Termination Events: 1
  • Number of Known Regulatory Events: 1
  • Number of Known Criminal Events: 1
  • Can Frederick Monroe, Jr. Be Sued: Yes, in Private Arbitration
  • Can Frederick Monroe, Jr.’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
  • Highest Damages Allegation: $816,655.33
  • Highest Settlement: $912,882

If you have suffered investment losses by Fred Monroe, Jr., we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud 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 Fred Monroe, Jr. For Broker Misconduct

As of this publication date, Frederick Monroe, Jr. has been the subject of 1 termination event, 1 regulatory event, 1 criminal event, and 16 customer disputes. Let’s review them below.

In June 2017, a complaint was filed against or in reference to Fred Monroe, Jr. by a customer of Voya Financial Advisors alleging that Mr. Monroe, Jr. misappropriated funds. Per the customer, she lost over $500,000 because of Mr. Monroe, Jr.’s actions. As of this publication date, this claim remains pending.

In June 2017, a complaint was filed against or in reference to Fred Monroe, Jr. by a customer of Northwestern Mutual Investment Services, LLC alleging that Mr. Monroe, Jr. misappropriated funds. Per the customer, she lost over $665,000 because of Mr. Monroe, Jr.’s actions. As of this publication date, this claim remains pending.

In November 2015, a complaint was filed against or in reference to Fred Monroe, Jr. by a customer of Northwestern Mutual Investment Services alleging that Mr. Monroe, Jr. did not invest the client’s money as discussed. Client also alleged Mr. Monroe, Jr. of misappropriating funds. Per the customer, she lost over $181,439.42 because of Mr. Monroe, Jr.’s actions. On February 12, 2016, Mr. Monroe, Jr. settled the claim for $138,345.16, and some or all of this amount may have been paid by Mr. Monroe, Jr.’s employer and/or insurance carrier.

In July 2015, a complaint was filed against or in reference to Fred Monroe, Jr. by a customer of Voya Financial Advisors, Inc. alleging that Mr. Monroe, Jr. misappropriated funds. Per the customer, he/she lost over $20,000 because of Mr. Monroe, Jr.’s actions. On March 1, 2016, Mr. Monroe, Jr. settled the claim for $20,000, and some or all of this amount may have been paid by Mr. Monroe, Jr.’s employer and/or insurance carrier.

In July 2015, a complaint was filed against or in reference to Fred Monroe, Jr. by a customer of Voya Financial Advisors alleging that Mr. Monroe, Jr. misappropriated funds. Per the customer, he/she lost over $33,000 because of Mr. Monroe, Jr.’s actions. On December 18, 2016, Mr. Monroe, Jr. settled the claim for $33,000, and some or all of this amount may have been paid by Mr. Monroe, Jr.’s employer and/or insurance carrier.

In July 2015, FINRA initiated a regulatory action against or in reference to Mr. Monroe, Jr for failing to respond to FINRA’s request for information.

In June 2015, a complaint was filed against or in reference to Fred Monroe, Jr. by a customer of Voya Financial Advisors alleging that Mr. Monroe, Jr. misappropriated approximately $32,000. Per the customer, he/she lost over $32,000 because of Mr. Monroe, Jr.’s actions. On October 27, 2015, Mr. Monroe, Jr. settled the claim for $32,000, and some or all of this amount may have been paid by Mr. Monroe, Jr.’s employer and/or insurance carrier.

In June 2015, a complaint was filed against or in reference to Fred Monroe, Jr. by a customer of Voya Financial Advisors alleging that Mr. Monroe, Jr. misappropriated funds. Per the customer, he/she lost over $39,900 because of Mr. Monroe, Jr.’s actions. On January 8, 2016, Mr. Monroe, Jr. settled the claim for $39,900, and some or all of this amount may have been paid by Mr. Monroe, Jr.’s employer and/or insurance carrier.

In June 2015, a complaint was filed against or in reference to Fred Monroe, Jr. by a customer of Voya Financial Advisors, Inc. alleging that Mr. Monroe, Jr. misappropriated funds. Per the customer, he/she lost over $78,740.11 because of Mr. Monroe, Jr.’s actions. On May 20, 2016, Mr. Monroe, Jr. settled the claim for $78,740.11, and some or all of this amount may have been paid by Mr. Monroe, Jr.’s employer and/or insurance carrier.

In June 2015, a complaint was filed against or in reference to Fred Monroe, Jr. by a customer of Voya Financial Advisors, Inc. alleging that Mr. Monroe, Jr. misappropriated funds. Per the customer, he/she lost over $130,000 because of Mr. Monroe, Jr.’s actions. On March 17, 2016, Mr. Monroe, Jr. settled the claim for $130,000, and some or all of this amount may have been paid by Mr. Monroe, Jr.’s employer and/or insurance carrier.

In June 2015, a complaint was filed against or in reference to Fred Monroe, Jr. by a customer of Voya Financial Advisors alleging that Mr. Monroe, Jr. misappropriated approximately $125,000. Per the customer, he/she lost over $125,000 because of Mr. Monroe, Jr.’s actions. On October 27, 2015, Mr. Monroe, Jr. settled the claim for $125,000, and some or all of this amount may have been paid by Mr. Monroe, Jr.’s employer and/or insurance carrier.

In June 2015, a complaint was filed against or in reference to Fred Monroe, Jr. by a customer of Voya Financial Advisors alleging that Mr. Monroe, Jr. misappropriated funds. Per the customer, he/she lost over $25,000 because of Mr. Monroe, Jr.’s actions. On September 25, 2015, Mr. Monroe, Jr. settled the claim for $25,000, and some or all of this amount may have been paid by Mr. Monroe, Jr.’s employer and/or insurance carrier.

In June 2015, a complaint was filed against or in reference to Fred Monroe, Jr. by a customer of Voya Financial Advisors alleging that Mr. Monroe, Jr. misappropriated funds. Per the customer, he/she lost over $177,000 because of Mr. Monroe, Jr.’s actions. On September 25, 2015, Mr. Monroe, Jr. settled the claim for  $177,000, and some or all of this amount may have been paid by Mr. Monroe, Jr.’s employer and/or insurance carrier.

In June 2015, a complaint was filed against or in reference to Fred Monroe, Jr. by a customer of Voya Financial Advisors alleging that Mr. Monroe, Jr. misappropriated funds. Per the customer, he/she lost over $162,000 because of Mr. Monroe, Jr.’s actions. On September 28, 2015, Mr. Monroe, Jr. settled the claim for  $162,000, and some or all of this amount may have been paid by Mr. Monroe, Jr.’s employer and/or insurance carrier.

In June 2015, a complaint was filed against or in reference to Fred Monroe, Jr. by a customer of Voya Financial Advisors alleging that Mr. Monroe, Jr. misappropriated funds which the client provided. Per the customer, she lost over $425,309.53 because of Mr. Monroe, Jr.’s actions. On August 10, 2016, Mr. Monroe, Jr. settled the claim for  $507,500.47, and some or all of this amount may have been paid by Mr. Monroe, Jr.’s employer and/or insurance carrier.

In June 2015, a complaint was filed against or in reference to Fred Monroe, Jr. by a customer of Voya Financial Advisors alleging that Mr. Monroe, Jr. misappropriated funds which the client provided. Per the customer, he lost over $816,655.33 because of Mr. Monroe, Jr.’s actions. On November 19, 2015, Mr. Monroe, Jr. settled the claim for  $912,882, and some or all of this amount may have been paid by Mr. Monroe, Jr.’s employer and/or insurance carrier.

In June 2015, a complaint was filed against or in reference to Fred Monroe, Jr. by multiple customers of Voya Financial Advisors alleging that Mr. Monroe, Jr. misappropriated funds which the clients provided. Per the customers, they lost over $700,000 because of Mr. Monroe, Jr.’s actions. On May 13, 2016, Mr. Monroe, Jr. settled the claim for  $614,534.50 and some or all of this amount may have been paid by Mr. Monroe, Jr.’s employer and/or insurance carrier.

In June 2015, Voya Financial Advisors terminated Mr. Monroe, Jr. for allegedly being involved in misappropriation of client funds.

In April 2015, the New York Office of the Attorney General pressed charges against Fred Monroe Jr. in New York State Superior Court for engaging in a scheme to defraud at least 20 clients from 2022 through 2015.  Mr. Monroe received the following four (4) felony charges: Count 1 Penal Law 470.20 Money Laundering, Count 2 Penal Law 155.40 Grand Larceny in the 2nd Degree, Count 3 General Business Law 352-(c)6 Securities Fraud, and Count 4 Penal Law 190.65 Scheme to Defraud in the 1st Degree.  Mr. Monroe Jr. was found guilty on all four counts.  He was given the following sentences/penalties: Count 1, 5Y4M-16Y; Count 2 5Y-15Y; Count 3 1Y4M-4Y; Count 4 1Y4M-4Y; Confession of Judgement $3,074,012.65.

In February 2015, a complaint was filed against or in reference to Fred Monroe, Jr. by a customer of Voya Financial Advisors, Inc. alleging that Mr. Monroe, Jr. misappropriated funds. Per the customer, he/she lost over $58,000 because of Mr. Monroe, Jr.’s actions. On March 4, 2016, Mr. Monroe, Jr. settled the claim for $58,000, and some or all of this amount may have been paid by Mr. Monroe, Jr.’s employer and/or insurance carrier.

How To File A Claim Against Fred Monroe, Jr. (previously with Voya Financial Advisors, Inc., Northwestern Mutual Investment Services, LLC, and Robert W. Baird & Co. Incorporated) To Get Your Money Back.

If you have questions about Fred Monroe, Jr., Voya Financial Advisors, Inc., Northwestern Mutual Investment Services, LLC, Robert W. Baird & Co. Incorporated, 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. Our team has recovered approximately $25 million dollars on behalf of investors who lost money due to bad advice by their broker or brokerage firm. We’d love to help you out too.