State of Illinois Department of Insurance Fines Michael Brown
Michael Brown (CRD #:2544892), a broker formerly registered with National Securities Corporation, is the subject of a State of Illinois Department of Insurance fine, according to his BrokerCheck record, accessed on February 10, 2022.
The State of Illinois Department of Insurance fined Michael Brown $1000 for violating Section 505.1 (a)(6) of The Illinois Insurance Code after allegedly endorsing a check to the Illinois Annuity & Insurance Comp without authorization.
Pending Investor Dispute
On December 23, 2021, Michael Brown was named in an investor dispute alleging negligence and breach of fiduciary duty. The investor is seeking $50,000.
If you suffered investment losses as a result of your financial advisor breaching a fiduciary duty, you could recover your losses in FINRA arbitration. Understanding what constitutes a breach of fiduciary duty comes with many years of handling these kinds of cases. Kurta Law is a nationally recognized securities law firm with over 25 years of experience litigating securities fraud cases.
Between 2011 and 2016, Michael Brown became the subject of four tax liens totalling $145,938.
Michael Brown 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 6 – Investment Company Products/Variable Contracts Representative Examination
Besides National Securities Corporation, Michael Brown has also worked with the following firms:
- Prime Capital Services (CRD#:18334)
- Legacy Financial Services (CRD#:38697)
- Metlife Securities (CRD#:14251)
- Metropolitan Life Insurance Company (CRD#:4095)
Kurta Law Can Help
If you have worked with Michael Brown and have concerns about your investments, 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.