Investors potentially incurred losses because of securities broker Richard Raymond Brown [CRD: 2541545, Valley Village, California], according to public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Brown worked for Lincoln Financial Advisors Corporation from December 19, 1997, to December 26, 2019, and has been associated with Arete Wealth Management LLC and Arete Wealth Advisors LLC since December 13, 2019. Read on to learn more about disclosures involving Brown and the allegations raised by clients.
Particularly, on March 24, 2026, an Arete Wealth Management LLC client filed a complaint about Richard Brown. Primarily, the client alleged that Brown used misleading marketing materials and made omissions regarding risks of premium-financed indexed universal life insurance policies. Because of this, the client allegedly incurred damages associated with those life insurance policies. As a result, the client requested $1,500,000 in compensation from Arete Wealth Management LLC or Brown. The matter is awaiting a resolution.
Richard Brown Disclosed Unsuitable Recommendations Allegations By Lincoln Financial Advisors Client
Specifically, a client of Lincoln Financial Advisors contested Richard Brown’s sales practices by filing FINRA Arbitration No. 11-00516. Allegedly, Brown gave unsuitable advice by recommending that client assets be placed with a private portfolio manager beginning in April 2007, and the client further alleged that the recommendation involved illiquid investments and excessive costs. It appears that Brown allegedly caused the client to sustain damages. Consequently, Lincoln Financial Advisors agreed to settle the matter on March 5, 2012, by compensating the client in the amount of $2,250,000.
Did You Invest Through Financial Advisor / Securities Broker Brown?
Do you need guidance on any investment losses relating to Richard Brown? You should contact Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for many investors throughout the US. Also, our securities lawyers work on a contingency fee arrangement and advance all costs. Brown and brokerage firms Brown worked for deny accusations of sales practice violations.
