Los Angeles, CA – November 22, 2025 – Chetan Patil of Patil Law, P.C., a securities fraud attorney, is investigating Brian James Zimmerman (CRD# 2401501), a broker and investment advisor registered with Independent Financial Group, LLC. According to FINRA records, Zimmerman faces 6 customer complaints with total damages of approximately $215,000 in settlements and arbitration awards, plus $125,000 in a pending claim. Zimmerman has been registered with Independent Financial Group in San Diego, California since April 2012, doing business as Zimmerman Private Wealth Management.
The most recent complaint, filed in September 2025, alleges Zimmerman failed to explain the risks associated with an investment in ARC Healthcare Properties, a real estate investment trust (REIT), resulting in substantial losses for the customer. The pending FINRA arbitration (Case No. 25-01910) seeks damages of $125,000. The complaint alleges the customer was decimated by losses sustained from Zimmerman’s investment recommendations while serving as a representative of Independent Financial Group.
An earlier complaint filed in 2014 alleged Zimmerman engaged in negligence, breach of fiduciary duty, violations of FINRA rules regarding fair dealing with the public, failure to supervise, misrepresentation and omissions, fraud, excessive trading and churning, and breach of contract while at Liberty Partners Financial Services. The complaint involved equity and options trading and sought damages of $128,405.50. In March 2016, a FINRA arbitration panel awarded the customer $20,000, which Zimmerman personally paid. In his broker statement, Zimmerman described the claims as false and misleading, noting the client had both a conservative retirement account and an aggressive trading account, and the claim ignored net gains on total assets managed.
A complaint filed in November 2013 alleged Zimmerman recommended an unsuitable variable annuity that resulted in losses from January 2009 to October 2011 while at Liberty Partners Financial Services. The complaint sought $39,950in damages and settled in January 2016 for $10,000, personally paid by Zimmerman.
A complaint filed in October 2011 alleged excessive fees and poor returns on equity and mutual fund investments while Zimmerman was with Liberty Partners Financial Services. The complaint alleged $200,000 in damages and settled in February 2012 for $40,000, personally paid by Zimmerman.
Two earlier complaints from 2000 and 2001 involved allegations of churning, unauthorized trading, breach of fiduciary duty, and negligence while Zimmerman was registered with Andrew Garrett Inc. These matters resulted in an arbitration award of $15,234 and a settlement of $36,000, both paid by the firm with no individual contribution from Zimmerman.
According to FINRA records, Brian James Zimmerman has 32 years of experience in the securities industry. Based in San Diego, California, he has been registered with Independent Financial Group, LLC since April 2012, where he operates as Zimmerman Private Wealth Management. His previous registrations include Liberty Partners Capital Management, LLC (January 2012 – April 2012), Liberty Partners Financial Services, LLC (May 2004 – March 2012), Andrew Garrett Inc. (December 2001 – April 2004), Andrew Garrett, Inc. (November 1994 – December 2001), and Shamrock Partners, Ltd (June 1994 – November 1994). Zimmerman holds 13 state licenses and has passed the Securities Industry Essentials Examination (SIE), the General Securities Representative Examination (Series 7), the Uniform Securities Agent State Law Examination (Series 63), the Uniform Combined State Law Examination (Series 66), and the General Securities Principal Examination (Series 24). Zimmerman also sells insurance products and serves as President of Le Tip networking group and as a board member of Torah High School.
Patil Law, P.C. is currently investigating claims on behalf of investors who may have experienced alleged unsuitable investments, misrepresentation of risks, or losses in REIT investments or variable annuities. Our firm has over 15 years of experience representing investors in FINRA arbitration and securities litigation, with more than $25 million recovered for clients across 1,000+ cases.
We provide a free, confidential consultation to review your potential claim. Our firm works on a contingency fee basis, meaning you pay no attorney fees unless we successfully recover money for you. We represent individual investors and families nationwide.
If you invested with Brian Zimmerman or suffered losses related to alleged broker misconduct, unsuitable investments, or REIT investments, you may be entitled to compensation. However, time is limited—FINRA arbitration claims generally must be filed within six years of the incident.
Contact Patil Law, P.C. today at 800-950-6553 or email info@patillaw.com for a free case evaluation. Don’t let time run out on your right to recover your losses.
The information in this post is based on FINRA BrokerCheck records and public filings. Allegations described are pending or unproven and may be contested. All investors are entitled to fair treatment under securities laws. This is attorney advertising. Prior results do not guarantee a similar outcome. This communication is for informational purposes only and does not create an attorney-client relationship.
