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Investor Alleges Brock Brady Misrepresented REIT, Other Investments

Brock Brady (CRD #: 4638576), a broker formerly registered with Cetera Advisor Networks, allegedly misrepresented investments, according to his BrokerCheck record, accessed on November 28, 2022. Keep reading if you have questions about his conduct as a broker.

Investor Dispute

On October 20, 2022, an investor alleged that in 2016 Brock Brady misrepresented various investments, including a real estate investment trust (REIT), as conservative, secure, and lacking significant risks. The client seeks $270,000 in damages in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise unethical methods to influence the purchase and sale of securities. This includes the misrepresentation of facts related to investments, such as their limitations, requirements, or potential returns.

What is a real estate investment trust?

A real estate investment trust (REIT) is a company that owns and manages real estate properties. REITs offer investors the opportunity to earn returns without taking on direct responsibility for the operation of these properties. However, the lack of liquidity associated with REITs and other risks can make them unsuitable for many investors.

Background Information

Brock Brady has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

He previously worked for the following firms:

  • Cetera Advisor Networks (CRD#:13572)
  • Voya Financial Advisors (CRD#:2882)
  • AXA Advisors (CRD#:6627)

Kurta Law Can Help

If you worked with Brock Brady and you have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.