Fred Ronald Brown, of Montgomery, Alabama, a stockbroker registered with Merrill Lynch, Pierce, Fenner & Smith Inc., was fired on July 12, 2017, based upon allegations that Fred Ron entered into a loan arrangement with a customer despite failing to first gain authorization from the firm.
Financial Industry Regulatory Authority (FINRA) Public Disclosure Reveals that Fred Ron has been suspended from associating with any FINRA member in any capacity based upon allegations that he did not correspond with FINRA staff in regard to Fred Ron’s compliance with a customer initiated investment related settlement arrangement or award. Letter No. 14-01963 (Mar. 8, 2017).
Further, on July 14, 2017, a customer filed an investment related written complaint involving Fred Ron’s conduct, where the customer sought $14,000.00 in damages based upon allegations that Brown entered into a loan arrangement with a customer but failed to repay the funds as required.
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