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Brad Brooks Has Received a Pending Regulatory Complaint

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Brad BrooksPublic records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on November 30, 2017 indicate that Texas-based Titan Securities broker/adviser Brad Brooks received a pending regulatory complaint and several resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Brooks (CRD# 1584633).

Brad Brooks has spent 30 years in the securities industry and has been registered with Titan Securities in Addison, Texas since 2005. Previous registrations include Southwest Texas Capital in Plano, Texas (2004-2005); Wachovia Securities in St. Louis, Missouri (1994-2004); Bear Stearns & Company in New York, New York (1989-1994); and Shearson Lehman Hutton in New York, New York (1986-1989). He has passed eight securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), obtained on December 16, 1996; Series 63 (Uniform Securities Agent State Law Examination), obtained on November 26, 1986; Series 3 (National Commodity Futures Examination), obtained on December 22, 1986; Series 7 (General Securities Representative Examination), obtained on November 15, 1986; Series 4 (Registered Options Principal Examination), obtained on February 7, 2006; Series 53 (Municipal Securities Principal Examination), obtained on December 1, 2005; Series 24 (General Securities Principal Examination), obtained on March 4, 2005; and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), obtained on March 26, 1996. He is a registered broker and investment adviser with thirteen US states and territories: Arizona, California, Florida, Georgia, Minnesota, Nevada, New Mexico, North Carolina, Ohio, Oklahoma, Texas, Washington and Wisconsin

According to his BrokerCheck report, he has received four customer complaints, one pending customer complaint, one FINRA sanction, and one pending FINRA complaint.

In October 2017 a customer alleged Brad Brooks, while employed at Titan Securities, failed in his supervisory duties. The customer is seeking $300,000 in damages in the pending complaint.

In October 2016 he was named respondent in a FINRA complaint alleging his member firm, acting through him, failed to properly supervise a registered representative’s outside business activity. The complaint remains pending.

In 2009 FINRA sanctioned him following allegations that his member firm, acting through him, commenced a “minimum-maximum” offering conducted by a company, and participated in another such offering by another company, and failed to ensure that funds from both offerings were deposited in a qualified escrow account. He was censured and issued a fine of $12,500.

In 1998 a customer alleged Brad Brooks, while employed at First Union Securities, breached contract, misrepresented material facts, omitted material facts, and acted negligently. The complaint resulted in an award to the customer of more than $87,200.

In 1992 a customer alleged Brad Brooks, while employed at Bear Stearns & Company, churned investments, executed unauthorized trades, breached his fiduciary duty, and failed in his supervisory duties. The complaint resulted in an award to the customer of $33,225.

If you or someone you know has complaints regarding Brad Brooks, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.