Advisor Alert: Our Attorneys Are Investigating Reuben Lamont Brown For Investment Fraud
Did You Lose Money Because of Reuben Brown?
Filed: March 13, 2024
Reuben Brown currently has one (1) pending customer complaint. Overall, he has been the subject of one (1) regulatory event, one (1) termination 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 Reuben Lamont Brown.
Who Is Reuben Lamont Brown?
- Advisor Name: Reuben Lamont Brown
- Aliases: Reuben Brown
- CRD: 7089559
- Location: Southlake, Texas
- Current Employer: No Longer Allowed to Practice in the Securities Industry
- Previous Firms: Edward Jones
- Number of Known Customer Complaints: 1
- Number of Known Regulatory Events: 1
- Number of Known Termination Events: 1
- Can Reuben Brown Be Sued: Yes, in Private Arbitration
- Can Reuben Brown’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $180,000
- Highest Settlement: Unknown
If you have suffered investment losses by Reuben Brown, 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 Reuben Brown For Broker Misconduct
As of this publication date, Reuben Brown has been the subject of 1 regulatory event, 1 termination event, and 1 customer dispute. Let’s review them below.
In March 2024, FINRA initiated a regulatory action against or in reference to Reuben Brown for allegedly refusing to appear for on-the-record testimony requested by FINRA during the course of a matter that originated from his member firm’s filing of his Form U5.
In July 2023, a complaint was filed against or in reference to Reuben Brown by a customer of Edward D. Jones & Co., L.P. alleging that Mr. Brown suggested an investment opportunity outside the firm with zero risk and zero tax. Additionally, the client alleges this was to be a short term investment of only a few months; however, it has been nearly a year with no funds returned. Further, the client alleges he incurred an additional tax liability of $30,000.00 when he explicitly stated he wanted to avoid taxes. Per the customer, he lost over $180,000 because of Mr. Brown’s actions. As of this publication date, this claim remains pending.
In August 2022, Edward Jones terminated Reuben Brown for introducing clients to an investment outside the Firm, in violation of FINRA Rule 3280 and the Firm’s policies regarding “Private Securities Transactions” and “Selling Away.”
How To File A Claim Against Reuben Brown (previously with Edward Jones) To Get Your Money Back
If you have questions about Reuben Brown, Edward Jones, 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.