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Eric Brown Formerly With LPL Financial LLC And Waddell & Reed Has 3 Customer Complaints For Alleged Broker Misconduct

Who is Eric Brown formerly with LPL Financial LLC?

Eric Brown (CRD #2209351) who was formerly registered with LPL Financial LLC and located in San Diego, California is a subject of one of our many securities industry sales practice abuse investigations.  Prior to LPL Financial LLC, Eric Brown was associated with Waddell & Reed and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Eric Brown Customer Complaints

Eric Brown has been the subject of 3 customer complaints that we know about, which were filed to recover investment losses. One of Eric Brown’s 3 customer complaints was settled in favor of the investor. Two of Eric Brown’s customer complaints were denied, and, to date, the customers have not taken any further action.

Allegations Against Eric Brown

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Solicitation of development property investment was inappropriate.
  • Misrepresentation of variable universal life insurance policy.
  • Belief that representative and former trustee stole money from the trust.

Eric Brown Red Flags & Your Rights As An Investor

Of course, Eric Brown did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Eric Brown at LPL Financial LLC and Waddell & Reed on alert to review carefully the activity and performance of their accounts and question whether Eric Brown has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial LLC and Waddell & Reed also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At LPL Financial LLC Due To Eric Brown

If you have questions about LPL Financial LLC, Waddell & Reed, and/or Eric Brown and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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