Last Updated: February 2025 (Memphis, TN)
National securities fraud lawyers at Patil Law P.C. are investigating former UBS Financial Services broker William Walker Brown (CRD #6522004) regarding allegations of unauthorized trading and policy violations. The investigation stems from his recent termination from UBS Financial Services in November 2024 for serious misconduct involving client accounts.
Critical Insights About Memphis Financial Advisor William W. Brown
- Advisor Name: William Walker Brown
- CRD: 6522004
- Current Location: Memphis, TN
- Former Employer: UBS Financial Services Inc.
- Current Employer: Kestra Investment Services, LLC
- Classification: Registered Representative & Investment Adviser Representative
- States Licensed: 26 U.S. states and territories
- Years of Experience: Since 2017
- Professional Qualifications: Series 7, 66, and SIE licenses
- Business Name: Bright River Private Wealth
- Current Status: Active with Kestra Investment Services
Details of Recent Termination
According to FINRA records, Mr. Brown was discharged from UBS Financial Services in November 2024 after the firm determined that he:
- Breached firm policies
- Took instructions from an unauthorized relative on a client account
- Was not forthcoming about these unauthorized activities
- Engaged in misconduct involving corporate debt and mutual fund transactions
Analysis of Alleged Misconduct
The allegations raise serious concerns about:
- Client account authorization protocols
- Proper documentation procedures
- Disclosure practices
- Protection of client interests
- Compliance with firm policies
- Supervision of trading activities
Regulatory Framework and Client Protection
SEC Regulation Best Interest and FINRA rules require financial advisors to:
- Obtain proper client authorization for all transactions
- Maintain accurate records
- Follow firm policies and procedures
- Act in clients’ best interests
- Provide truthful information to their firms
- Document all trading authorizations properly
Professional Background
Mr. Brown’s career includes:
- Entry into securities industry in 2017
- Previous employment at UBS Financial Services (2017-2024)
- Current position at Kestra Investment Services (December 2024-present)
- Multiple state registrations
- Investment adviser representative status
Red Flags for Investors
- Recent termination for policy violations
- Unauthorized account access issues
- Questions about truthfulness with firm
- Corporate debt and mutual fund trading concerns
- Client authorization irregularities
- Documentation issues
- Supervision questions
Implications for Current and Former Clients
Current and former clients should:
- Review all account documentation
- Verify transaction authorizations
- Examine account statements
- Check trading activity
- Document communications
- Monitor account changes
- Consider independent review
Patil Law P.C. Will Help You Recover Your Investment Losses
If you were a client of William W. Brown at UBS Financial Services and have concerns about unauthorized transactions or suspicious activity in your account, please contact Attorney Patil online or call (800) 950-6553 for a free initial consultation. Our securities fraud attorneys work on a contingency fee basis, meaning we only get paid if we help you recover money.
