Raymond Brown Resigned Under Internal Review

Raymond Brown (CRD# 6170291[1]), formerly a broker registered with Northwestern Mutual Investment Services, resigned from that firm following alleged rule violations. MDF Law is investigating the former Frisco, Texas-based financial professional for similar conduct. If you have concerns about investments in your accounts, call for a free consultation with our team.

To learn more about the circumstances leading to Mr. Brown’s resignation, continue reading this post. The information below is sourced from his Financial Industry Regulatory Authority BrokerCheck profile, reviewed on January 20, 2025. 

NMIS Reviewed Allegations of Unsuitability, Overselling 

On December 4, 2024, Northwestern Mutual Investment Services filed a disclosure regarding Mr. Brown’s departure from the firm. According to the disclosure, he was “permitted to resign while under internal review” for concerns involving life insurance sales practices. As it explains further, these concerns included unsuitable sales, overselling practices that benefitted himself, providing customers with inaccurate or misleading information, and “providing inaccurate income data for clients to ensure… suitability.” Since his resignation, he has not registered with any other broker-dealer firm.

Pending Dispute Alleges Misleading Info

Prior to his resignation from Northwestern, an investor lodged a dispute involving Mr. Brown on November 13, 2024. This claim alleges that he “misled the customer” when selling a variable universal life insurance policy. It also alleges that he did not “provide any investment diversification,” per the customer’s wishes, and instead “only recommended life insurance.” The dispute, which is still pending, seeks unspecified alleged damages.

Past Dispute Also Alleged Misrepresentations

The above-described pending dispute is not the only one in Mr. Brown’s record. On September 19, 2024, another party of investors filed a dispute involving him. In this case, they alleged that he made misrepresentations when selling life insurance policies, “including that premiums paid were liquid.” His former member firm settled the dispute for $109,752.

FINRA: Raymond Brown Last Based in Frisco, Texas

Mr. Brown launched his career as a broker in 2014, according to his BrokerCheck profile. That was the year he registered with Northwestern Mutual Investment Services’ office in Frisco, Texas. He remained at the firm for ten years, until his resignation in December 2024. Boasting 10 years of experience as a broker, he has completed three industry exams, including the Series 6 and the Series 63. As stated above, he has not registered with any other firm since his departure from NMIS while under internal review.

MDF Law Advocates for Investors Like You

If you have lost money on investments you made while working with Raymond Brown, you may have recovery options. The veteran investment fraud attorneys[2] at MDF Law have a proven record of success recovering losses for the victims of broker misconduct. Our team has secured more than $100 million in recoveries, accepts cases on contingency, and provides free consultations to investors nationwide. Your time to file a claim may be limited, so don’t delay: call 800-767-8040 to chat with an attorney today.