{"id":8168,"date":"2019-05-20T12:02:30","date_gmt":"2019-05-20T16:02:30","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=8168"},"modified":"2019-05-20T12:02:30","modified_gmt":"2019-05-20T16:02:30","slug":"finra-suspends-danard-dan-brown-after-arbitration-judgment","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-danard-dan-brown-after-arbitration-judgment\/","title":{"rendered":"FINRA Suspends Danard (Dan) Brown After Arbitration Judgment"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-4580 size-medium\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Fined-and-Suspended-by-FINRA-1024x680-300x199.jpg\" alt=\"Dan Brown (CRD#: 3184347) is a previously registered broker whose last employer was Joseph Stone Capital L.L.C. (CRD#:159744) of Center Moriches, NY. His previous employers include First Standard Financial Company LLC (CRD#:168340), Legend Securities, Inc. (CRD#:44952, expelled by FINRA on 4\/17\/2017) and Tryco Securities, Inc. (CRD#:104025), all of Miller Place, NY. Three of his former employers have been expelled by FINRA. He has been in the business since 1999.FINRA suspended Brown on 1\/31\/2019 after he failed to comply with an arbitration award and settlement agreement stemming from a customer dispute. This dispute, filed on 4\/27\/2017, alleges that Brown offered investments unsuitable for a senior investor, as well as misrepresentation. The client requested damages of $386,167.56, and was awarded $375,000. Along with Legend Securities and one other broker, Brown was ordered to pay the client the award, plus $700,000 in punitive damages and an additional $25,000 in compensatory damages, all with legal interest. Brown stated that he would be declaring bankruptcy, and the other brokers involved in the case already have.\" width=\"300\" height=\"199\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Fined-and-Suspended-by-FINRA-1024x680-300x199.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Fined-and-Suspended-by-FINRA-1024x680-768x510.jpg 768w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Fined-and-Suspended-by-FINRA-1024x680.jpg 1024w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Fined-and-Suspended-by-FINRA-1024x680-1000x664.jpg 1000w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Fined-and-Suspended-by-FINRA-1024x680-181x120.jpg 181w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Dan Brown (CRD#: <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/3184347\" target=\"_blank\">3184347<\/a>) is a previously registered broker whose last employer was Joseph Stone Capital L.L.C. (CRD#:159744) of Center Moriches, NY. His previous employers include First Standard Financial Company LLC (CRD#:168340), Legend Securities, Inc. (CRD#:44952, expelled by FINRA on 4\/17\/2017) and Tryco Securities, Inc. (CRD#:104025), all of Miller Place, NY. Three of his former employers have been expelled by FINRA. He has been in the business since 1999. <a href=\"https:\/\/www.silverlaw.com\/blog\/finra-suspends-danard-dan-brown-after-arbitration-judgment\/#more-8168\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dan Brown (CRD#: 3184347) is a previously registered broker whose last employer was Joseph Stone Capital L.L.C. (CRD#:159744) of Center Moriches, NY. His previous employers include First Standard Financial Company LLC (CRD#:168340), Legend Securities, Inc. (CRD#:44952, expelled by FINRA on 4\/17\/2017) and Tryco Securities, Inc. (CRD#:104025), all of Miller Place, NY. Three of his former employers have been expelled by FINRA. He has been in the business since 1999.FINRA suspended Brown on 1\/31\/2019 after he failed to comply with an arbitration award and settlement agreement stemming from a customer dispute. This dispute, filed on 4\/27\/2017, alleges that Brown offered investments unsuitable for a senior investor, as well as misrepresentation. The client requested damages of $386,167.56, and was awarded $375,000. Along with Legend Securities and one other broker, Brown was ordered to pay the client the award, plus $700,000 in punitive damages and an additional $25,000 in compensatory damages, all with legal interest. Brown stated that he would be declaring bankruptcy, and the other brokers involved in the case already have.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[588,576],"tags":[],"class_list":["post-8168","post","type-post","status-publish","format-standard","hentry","category-finra-arbitration","category-unsuitable-investment-advice"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FINRA Suspends Danard (Dan) Brown After Arbitration Judgment &#8212;<\/title>\n<meta name=\"description\" content=\"Dan Brown was a broker with Joseph Stone Capital of Center Moriches, NY, who was suspended by FINRA after he failed to comply with an arbitration award.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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