Ex-Cetera Advisor Brock Brady Lands $270K REIT Complaint

Former Bellevue, Washington financial advisor Brock Brady (CRD# 4638576) is embroiled in an investor complaint alleging six-figure damages. Financial Industry Regulatory Authority records show that he is not currently registered as a broker or as an investment advisor, though he was most recently registered with Cetera Advisor Networks.

Mr. Brady’s BrokerCheck report discloses one investor complaint. Filed in October 2022, it alleges that as a representative of Voya Financial Advisors, he misrepresented investments including a real estate investment trust (REIT) as “conservative, secure,” and without “significant risks.” The pending complaint alleges damages of $270,000

Investors should be aware that brokers like Mr. Brady are forbidden by securities industry rules and standard from misrepresenting material facts in connection with their investment recommendations. FINRA Rule 2020 specifically states that that no registered representative shall “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” For reference, material facts are pieces of information that could be considered essential to an investor’s decision regarding a product or strategy—for instance, an investor’s risk level or its liquidity. Brokers who misrepresent investments may be liable in the event of losses and/or subject to disciplinary action.

According to the Financial Industry Regulatory Authority, Brock Brady holds 19 years of securities industry experience. Most recently based in Bellevue, Washington, he is not currently registered as a broker or as an investment advisor. His past registrations include Cetera Advisor Networks, Voya Financial Advisors, and AXA Advisors, all in Bellevue. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Uniform Combined State Law Examination, or Series 66; and the Securities Industry Essentials Examination, or SIE. He currently holds no state licenses. (Information current as of December 5, 2022.)

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