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Greg Brown: Focus Financial Advisor Faces $250K ETF Complaint

A recent investor complaint against Wausau, Wisconsin financial advisor Greg Brown (CRD# 2137212) alleges that his investment advice resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is a broker with Royal Alliance Associates and an investment advisor with Focus Financial Network.

Mr. Brown’s BrokerCheck report discloses one investor complaint. Filed in May 2023, it alleges that as a representative of Royal Alliance Associates, he unsuitably allocated the claimant’s portfolio, resulting in losses. The pending complaint, which specifies that it relates to exchange-traded fund investments, alleges damages of $250,000.

In a statement included with the pending complaint’s disclosure, the firm defended itself against the allegations. “The Firm denies all allegations of wrongdoing in connection with this matter,” the statement reads, continuing: All investments were completely suitable based in information provided by the client, and the material risks and features of the investments were fully and accurately disclosed to the client.”

More information about FINRA’s suitability standard, which requires brokers to recommend investments and strategies in line with a client’s background and objectives, based on reasonable diligence into the customer’s profile and the investment and/or strategy, is available here.

According to the Financial Industry Regulatory Authority, Greg Brown holds 32 years of securities industry experience. Based in Wausau, Wisconsin, he has been a broker with Royal Alliance Associates and an investment advisor with Focus Financial Network since 2011. His past registrations include Equity Design Advisors (Wausau, Wisconsin; 2009-2011), Bradley-Whalen Financial Services (Schofield, Wisconsin; 2004-2011), the ON Equity Sales Company (Cincinnati, Ohio; 2004-2011), M&I Brokerage Services (Milwaukee, Wisconsin; 1996-2004), EQ Financial Consultants (New York, New York 1991-1996), and the Equitable Life Assurance Society of the United States (New York, New York; 1991-1996). His credentials include the passage of four 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; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Georgia, Iowa, Kansas, Minnesota, Ohio, Pennsylvania, Wisconsin, and Wyoming. (Information current as of June 11, 2023.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

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