Frederick Lanfear Browne of Radnor, Pennsylvania, a stockbroker registered with Janney Montgomery Scott LLC has been discharged by the securities broker dealer based upon allegations that Browne engaged in authorized trading by effecting trades in customer accounts without their prior authorization.
This is not the first time that Browne has been terminated by a securities broker dealer concerning his conduct in the securities industry. FINRA Public Disclosure shows that Browne was referenced in customer initiated investment related disputes concerning Browne’s conduct while associated with securities broker dealers, including Janney Montgomery Scott LLC. On August 20, 1999, a customer initiated investment related complaint involving Browne’s conduct was settled to resolve allegations that Browne committed sales practice violations in connection with the recommendation and sale of common stocks and preferred stocks when Browne was associated with Janney Montgomery Scott LLC.
On November 21, 2016, a customer initiated investment related complaint involving Browne’s conduct was settled for $19,258.29 in damages based upon allegations that Browne made misrepresentations with regard to the recommendation and sale of municipal bonds when Browne was associated with Janney Montgomery Scott LLC.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Browne was discharged by Prudential Securities Incorporated based upon allegations that Browne signed customers’ names to stock powers in 1997.
Frederick Browne was associated with Janney Montgomery Scott LLC from February 15, 1997 to November 15, 2021.
