Securities Arbitration Lawyers BlogFINRA Bars Broker Sean Brady For Possible Improper Sales Practices
Former broker Sean Aaron Brady (CRD #4365173) has been barred by FINRA after multiple customer complaints and he was discharged by his employer. Brady was last employed by First Allied Securities, Inc. (CRD #32444) of St. Louis, MO, discharged on 10/20/2017. He was previously employed by FFP Securities, Inc. (CRD #16337), also of St. Louis, from 03/23/2001 through 05/30/2008. No current employment information is available.
Brady is the subject of six customer disputes, which share similar allegations:
- Misrepresentation of net worth
- Completed paperwork on the customer’s behalf without his or her permission
- Made misrepresentations/omissions with regards to the customer’s investments
The last dispute alleges that Brady misled her, signed her name to documents and put her monies into unsuitable investments.
Five of the six disputes are requesting financial damages which total $399,730.49; the sixth dispute has no request for damages. All six are currently listed as “pending.”
On 10/20/2017, First Allied Securities discharged Brady due to allegations that he “violated the firm’s policies pertaining to: 1.) client alleged falsification of signature on documents; 2.) text messaging; and 3.) consolidated account reports.” In the same month, FINRA began an investigation into Brady regarding potential violations of sales practices. In the course of the investigation, FINRA requested information from Brady, which he declined to provide.
Brady signed an Acceptance, Waiver & Consent (AWC) letter on 05/20/2018; it was then signed and finalized by FINRA on 06/08/2018. In it, Brady neither admitted or denied the findings, and consented to all sanctions, including an indefinite bar in all capacities from affiliation with a FINRA member firm.
Have You Invested Money With Sean Brady?
Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you are in St. Louis, Missouri, our securities arbitration lawyers can schedule a meeting at your convenience. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.