The Frankowski Firm is investigating potential claims against Sean Aaron Brady and his former employer, First Allied Securities, Inc., of Saint Louis, Missouri, following FINRA’s decision to permanently bar Mr. Brady from the securities industry.
According to FINRA’s Acceptance and Consent findings against Mr. Brady, Mr. Brady did not respond to FINRA’s requests or otherwise cooperate into FINRA’s investigation into his misconduct. The investigation appears to stem from customer allegations against Mr. Brady related to falsified customer paperwork, and misrepresentations and omissions Mr. Brady made to customers related to their investments, according to Mr. Brady’s FINRA BrokerCheck report.
Mr. Brady’s BrokerCheck report includes customer allegations claiming that Mr. Brady misrepresented his clients’ net worth, completed paperwork on their behalf without permission, and made misrepresentations and omissions in the sale of variable annuities, direct investment (private placement and limited partnership), and real estate security products. In total, six former customers of Mr. Brady and First Allied made allegations dating back to October 2017. Collectively, these six customers allege over $4 million in combined investment losses due to Mr. Brady’s misconduct. Mr. Brady’s report also reveals that First Allied Securities fired Mr. Brady on October 20, 2017 based on his violations of firm policies.
If you or someone you know lost money as a client of Sean Aaron Brady or First Allied Securities, Inc. due to unsuitable, misrepresented, or unauthorized transactions, please call the Frankowski Firm at 888.741.7503 or fill out this contact form.