Fred Ronald Brown Jr. of Montgomery Alabama a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related written complaint which had been resolved for $55,000.00 on January 8, 2018 founded on allegations that the customer was solicited for purposes of a loan where the customer’s funds had been misappropriated.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that on July 14, 2017, a customer initiated investment related complaint involving Brown’s conduct was settled for $14,000.00 in damages based upon accusations of Brown having defaulted on a loan which had been provided to him by the customer during the time Brown was associated with Merrill Lynch.
FINRA Public Disclosure additionally reveals that Brown has been suspended from associating with any FINRA member in any capacity supported by findings that Brown either neglected to cooperate with the terms of a FINRA Arbitration Award or failed to communicate with FINRA about the status of his obligation to pay the Arbitration Award. Case No. 14-01963 (Mar. 31, 2015). Brown was later discharged by Merrill Lynch supported by allegations of Brown entering into an unapproved customer loan arrangement.
