First Allied rep fired for violating sales policies barred by Finra

Sean Aaron Brady failed to cooperate with Finra's investigation into the circumstances of his termination.
JUN 11, 2018

The Financial Industry Regulatory Authority Inc. has barred former First Allied rep Sean Aaron Brady for failing to respond to two letters requesting information in connection with possible sales violations he may have committed. Mr. Brady, who is no longer working in the securities industry, was affiliated with First Allied Securities from 2008 until October 2017, when he was discharged by the firm. In Mr. Brady's BrokerCheck record, under the heading "Employment Separation After Allegations," First Allied wrote that he "violated the firm's policies pertaining to: client alleged falsification of signature on documents; text messaging, and consolidated account reports." Mr. Brady's BrokerCheck report also indicates that he has six pending customer complaints, several of which allege that he completed paperwork on the customers' behalf without permission. Other allegations include that he made misrepresentations and omissions with respect to their investments. Damage claims range from $129,730 to $1.56 million. Mr. Brady began his securities career in 2001 at FFP Securities, where he stayed seven years before moving to First Allied.

Latest News

Five-person Raymond James team jumps to Janney in Maryland
Five-person Raymond James team jumps to Janney in Maryland

The group led by a 37-year industry veteran brings $470 million in assets to the Philadelphia-based broker dealer.

$20B Merit looks to next phase as Constellation takes minority stake
$20B Merit looks to next phase as Constellation takes minority stake

The Atlanta, Georgia-based national wealth firm revealed its new PE partner as prior backers Wealth Partners Capital Group and HGGC’s Aspire Holdings exited their investments.

$350M father-son duo hops from Osaic to Equitable Advisors
$350M father-son duo hops from Osaic to Equitable Advisors

The latest departures in Ohio mark another setback for the hybrid RIA, which is looking to "expanding its presence across all models and segments of the wealth management industry.”

Fresh off HPS acquisition, BlackRock inks deal for $7.3B ElmTree Funds
Fresh off HPS acquisition, BlackRock inks deal for $7.3B ElmTree Funds

The St. Louis-based real estate investment firm gives the asset management giant a valuable access point to the roughly $1 trillion net lease market.

SEC charges Chicago-based investment adviser with overbilling clients more than $2.5M in fees
SEC charges Chicago-based investment adviser with overbilling clients more than $2.5M in fees

Eliseo Prisno, a former Merrill advisor, allegedly collected unapproved fees from Filipino clients by secretly accessing their accounts at two separate brokerages.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.