Adam Brown: WestPark Advisor Faces $351K Investor Complaint

Recent investor complaints against Boca Raton financial advisor Adam Brown (CRD# 4506309) allege that he breached his fiduciary duty and acted negligently. Records provided by the Financial Industry Regulatory Authority indicate that he is a broker and an investment advisor with WestPark Capital, having previously been registered with Newport Coast Securities.

Mr. Brown’s BrokerCheck report discloses two investor complaints. The most recent, filed in February 2023, alleges that as a representative of WestPark Capital, he recommended unsuitable products, churned investments in the account, breached his fiduciary duty, engaged in unauthorized trading, breached contract, acted negligently, and made misrepresentations and omissions of material facts regarding stock products. The pending complaint alleges damages of $351,987.66.

A second investor complaint, filed in 2021, alleged that as a representative of WestPark Capital, he breached his fiduciary duty and engaged in gross negligence connected with the sale of an alternative investment product. The pending complaint alleges damages of $50,000.

In a statement included with the pending 2021 complaint’s disclosure, Mr. Brown defends himself against the claim. “I categorically deny any/all allegations/charges against me,” he writes, “and I will be submitting documentation to support my case.”

According to the Financial Industry Regulatory Authority, Adam Brown holds 21 years of securities industry experience. Based in Boca Raton, Florida, he has been a broker and an investment advisor with WestPark Capital since 2016 and 2022, respectively. His past registrations include Newport Coast Securities (Fort Lauderdale, Florida; 2015-2016), Dawson James Securities (Boca Raton, Florida; 2014-2015), Signator Investors (Boca Raton, Florida; 2013-2014), MetLife Securities (Fort Lauderdale, Florida; 2010-2012), Kovack Securities (Boynton Beach, Florida; 2009-2010), Essex Securities (Boynton Beach, Florida; 2009), Investors Capital Corporation (Boynton Beach, Florida; 2007-2009), MetLife Securities (West Palm Beach, Florida; 2002-2007), and Metropolitan Life Insurance Company (New York, New York; 2002). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He currently holds 41 state licenses. (Information current as of April 22, 2023.)

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