First Allied Rep Barred by FINRA, Fired for Violating Sales Policies

First Allied Rep Barred by FINRA, Fired for Violating Sales Policies

Former First Allied representative Sean Aaron Brady has been barred from the securities industry by The Financial Industry Regulatory Authority Inc. (FINRA). Brady allegedly failed to cooperate with FINRA’s investigation into the conditions of his termination from First Allied Securities.

Based in San Diego, California, First Allied Securities is a broker-dealer serving more than 325 independent firms representing roughly 800 financial advisors across the nation.

Advisor Falsified Documents, Misrepresented Client Investments

Brady, a longtime independent broker was affiliated with First Allied for nine years, starting in 2008. In October 2017 he was discharged by the company. According to FINRA’s BrokerCheck records, Brady violated the firm’s sales policies including alleged “falsification of signature on documents; text messaging, and consolidated account reports.”

In addition to First Allied’s comments, the BrokerCheck report indicates that Brady has six pending customer complaints. The complaints allege that Brady forged paperwork on the behalf of his customers without their consent or knowledge and misrepresented and omitted information regarding certain investments. Customers have claimed damages ranging from $129,730 to $1.56 million. As of publishing, the complaints were listed as pending.

FINRA Investigates Broker for Misdeeds

When FINRA sent letters requesting information in connection with Brady’s termination from First Allied, Brady failed to respond. As a result, FINRA barred the broker from the securities industry.

Prior to his affiliation with First Allied, Brady spent seven years at FFP Securities in St. Louis, Missouri, where he started his securities career in 2001.

Have You Lost Money Investing with Sean Aaron Brady?

If you lost money investing with Sean Aaron Brady at First Allied or think you may be a victim of stockbroker misconduct, contact an experienced investment fraud attorney today.

Speak with an Investment Fraud Attorney Today

If you are looking for an investment fraud attorney to review your rights and options, the investment fraud lawyers at Dimond Kaplan & Rothstein, P.A. represent individual and institutional investors who have lost money as a result of securities fraud or stockbroker misconduct.

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