Janney Montgomery Scott Fires Frederick Browne for Allegedly Executing Unauthorized Trades
Frederick Browne (CRD #:33217), a formerly registered broker, was recently fired by Janney Montgomery Scott, according to his BrokerCheck record, accessed on December 27, 2021. Details on his termination are provided below.
On November 2, 2021, Janney Montgomery Scott fired Frederick Browne after discovering he had executed trades in a client's account without prior authorization.
A broker must always have the customer's written permission before executing any transactions on their account. This is in accordance with FINRA Rule 3260(b), which states that a broker shall not exercise any discretionary power in a customer's account unless given prior written authorization.
A broker executing unauthorized trades in a customer's account also violates FINRA Rule 2010, which requires associated persons to observe high standards of commercial honor and just and equitable principles of trade.
Frederick Browne has passed the following exams:
- Series 63 - Uniform Securities Agent State Law Examination
- SIE - Securities Industry Essentials Examination
- Series 7 - General Securities Representative Examination
- Series 1 - Registered Representative Examination
Frederick Browne has also worked with the following firms:
- Prudential Securities Incorporated (CRD#:7471)
- Elkins & Co. (CRD#:6789)
- Butcher & Singer (CRD#:6517)
- Stone & Webster Securities Corporation (CRD#:794)
- Schmidt, Roberts & Parke (CRD#:749)
Kurta Law Can Help
If you have been victimized after working with Frederick Browne, don't hesitate to contact us today at 877-600-0098 or email@example.com for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors 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.