Timothy Brown Facing Allegations of Negligence and Fraud

Timothy Brown (CRD #: 1663519), a broker registered with Emerson Equity in San Mateo, California, is facing his second investor dispute. This is according to his BrokerCheck record, accessed on July 26, 2023. Keep reading for more details. 

On June 13, 2023, an investor alleged that Timothy Brown engaged in negligence and fraud. The investor also named Timothy Brown in allegations of a failure to supervise. 

Another dispute, dated May 18, 2023, alleges that Timothy Brown engaged in negligence and breached his fiduciary duty. 

FINRA Rule 3110

Failure to supervise violates FINRA Rule 3110, which requires that firms establish supervisory systems to ensure their compliance with securities regulations. Firms must also ensure that supervisory personnel have the training or experience necessary for their role.

Negligence

Negligence covers a variety of broker misconduct, including a failure to conduct due diligence. Investors who believe their losses are the result of broker negligence may be able to recover their funds by pursuing FINRA arbitration. 

Bankruptcy

On February 25, 2020, Timothy Brown discharged a bankruptcy. 

Background Information 

Timothy 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 24 General Securities Principal Examination 

He is a registered broker in California and Florida. 

Timothy Brown registered with the following firms between 1997 and 2016: 

• Newbridge Securities (CRD #: 104065)
• Newport Coast Securities (CRD #: 16944) 
• Independent Financial Group (CRD #: 7717) 
• QA3 Financial Corp (CRD #: 14754) 
• Pacific West Securities (CRD #: 6390) 
• Brookstreet Securities Corporation (CRD #: 14667) 
• The Concord Equity Group (CRD #: 14569) 
• First Wall Street Corp (CRD #: 13024) 

Kurta Law Can Help

If you worked with Timothy Brown and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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.