Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 11, 2016 indicate that Texas-based Commonwealth Financial Network broker Gary Brownfield has received a customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Brownfield (CRD# 3172055).
Gary Brownfield has spent 15 years in the securities industry and has been registered with Commonwealth Financial Network in Frisco and Houston, Texas since 2000. He has no previous registrations. He is a registered broker in 13 US states: California, Colorado, Florida, Idaho, Illinois, Indiana, Iowa, New Jersey, North Carolina, Ohio, Oklahoma, Texas, and Virginia.
According to his BrokerCheck report, Gary Brownfield has been the subject of one customer complaint and one financial disclosure.
In 2014, a customer alleged that Gary Brownfield, while employed at Commonwealth Financial Network, “set up a series of wire transfers to third parties without her knowledge.” In September 2015, the complaint resulted in an award to the customer of $45,000.
In 2009, Gary Brownfield filed for Chapter 7 bankruptcy in the United States Bankruptcy court in Dallas, Texas. The filing has since been discharged.
According to FINRA rules and federal securities law, financial professionals like Gary Brownfield are prohibited from executing transactions without a customer’s permission or authorization. There are some exceptions, including discretionary accounts and, in some circumstances, margin accounts. Brokers, investment advisers, and broker-dealer firms who effect unauthorized trades may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has a complaint regarding Gary Brownfield, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.