Brad Curtis Brooks of Addison Texas, a stockbroker and supervisor currently registered with Titan Securities of Addison Texas (CRD No. 131392) , is referenced in a customer initiated investment related arbitration claim which was resolved for $9,850.00 in damages founded on allegations that Brooks failed to supervise a customer’s investments in limited partnership interest or direct participation program products. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-02577 (Oct. 10, 2018).
FINRA Public Disclosure reveals also confirms a customer filed an investment related arbitration claim regarding Brooks’ conduct in which the customer requested $300,000.00 in damages supported by accusations that while Brooks was associated with Titan Securities, he failed to supervise a broker’s over-the-counter equities transactions in the customer’s account. FINRA Arbitration No. 17-02747 (Oct. 27, 2017).
Brooks is referenced in six customer initiated investment related disputes containing allegations of his misconduct during the time that he was associated with Titan Securities, First Union Securities Inc. (formerly known as Everen Securities Inc.), and Bear Stearns & Co., Inc., including the two aforementioned disputes which were filed by customers since Brooks was charged by FINRA Department of Enforcement with the failure to supervise and engaged in contingent securities offering violations. Department of Enforcement v. Titan Securities et al. Disciplinary Proceeding No. 2013035345701 (Oct. 17, 2016).
Particularly, FINRA Department of Enforcement charged Brooks with: (1) engaging in conduct violative of FINRA Rules 2010 and 3270 and NASD Rules 3010(a) by failing to supervise the activities of broker, Richard Wayne Demetriou, who engaged in outside business activities promoting a speculative company, RBCP, and who ultimately caused investors to lose all the investments that they made in RBCP; and (2) willfully violating Securities Exchange Act of 1934 Section 10(b) and FINRA Rules 2010 by participating in a limited partnership’s minimum maximum offering in which Brooks allegedly released investors’ funds to the issuer prior to the required minimum offering amount having been raised.
Previously, Brooks was been fined $12,500.00 and suspended from associating with any FINRA member in any capacity based upon consenting to findings that Brooks violated NASD Conduct Rule 2110 through neglecting to create and implement a supervision system with a view towards complying with applicable securities regulations and laws and NASD Rules in regard to Titan Securities’ contingent securities offerings. Letter of Acceptance Waiver and Consent No. 2007007169401 (May 22, 2009).
Brooks has been employed by Titan Securities since October 7, 2005.
