One or more investors apparently complained about securities broker Raymond Trey Brown [CRD: 6170291, Frisco, Texas], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Raymond Brown worked for Northwestern Mutual Investment Services LLC from March 17, 2014 to December 13, 2024. Below, you can find important information about the disclosures concerning Brown’s investment recommendations and client disputes.
Particularly, a client filed a complaint about Raymond Brown. Supposedly, Brown recommended a variable universal life insurance policy in 2024 that was not suitable given the client’s objectives. As a result, on May 8, 2025, Northwestern Mutual Investment Services LLC settled this matter by paying the client $14,396.00 in damages.
Also, a client of Northwestern Mutual Investment Services LLC contested Raymond Brown’s sales practices, according to a complaint. Allegedly, Brown recommended that the client switch non-variable life insurance policies with variable universal life insurance policies. Supposedly, the broker informed them they could access the full cash value of the new policies immediately. Therefore, Northwestern Mutual Investment Services LLC opted to settle the matter on April 4, 2025, by compensating the client in the amount of $35,221.87.
Additionally, a client filed a complaint about Raymond Brown. Supposedly, Brown misrepresented that two variable life insurance policies would be meant for investment accounts and there would be no ongoing requirement to pay premiums. Because of this, the client allegedly sustained damages. Because of this, on February 13, 2025, Northwestern Mutual Investment Services LLC settled this matter by paying the client $21,987.00 in damages.
Particularly, a client of Northwestern Mutual Investment Services LLC contested Raymond Brown’s sales practices, according to a complaint. Allegedly, Brown misled the client in a variable universal life insurance policy sale. As a result, Northwestern Mutual Investment Services LLC chose to settle the matter on January 19, 2025, by compensating the client in the amount of $7,565.70.
Also, a client filed a complaint about Raymond Brown. Allegedly, Brown made misrepresentations in 2023 regarding the sale of two life insurance products. The client supposedly did not know they were purchasing variable life insurance. For this reason, on January 19, 2025, Northwestern Mutual Investment Services LLC settled this matter by paying the client $109,752.00 in damages.
Specifically, on December 4, 2024, Northwestern Mutual Investment Services LLC accepted Brown’s resignation. Evidently, Northwestern Mutual Investment Services LLC alleged that Brown provided clients with incorrect or misleading information and engaged in unsuitable life insurance policy sales. Allegedly, the broker sold policies mainly for his own benefit and submitted wrong suitability information for clients.
Are you concerned regarding investments you made with Raymond Brown? If so, contact Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has substantial experience recovering losses for investors throughout the United States. The law firm operates on a contingency fee arrangement and advances all costs. Brown and brokerage firms Brown worked for deny accusations of sales practice violations.
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