Menzer & Hill, P.A. is investigating claims involving Peter Bulkeley Brainard Jr. (CRD #2890845, Old Saybrook, Connecticut), a former broker with Ameriprise Financial Services. Prior to working for Ameriprise, Brainard worked for American Portfolio Services and prior to that he was with Lincoln Financial Advisors. Brainard recently entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) where he was fined $5,000 and suspended for six months. See FINRA Case #2013035773501. The findings stated that he willfully failed to timely amend his Form U4 to disclose tax liens and civil judgments totaling $640,720. The findings stated that Brainard disclosed the liens and judgments only when a member firm discovered them in the course of hiring him.
Pursuant to FINRA Rules, brokers are required to disclose liens and judgments against them on their public record and Form U4. If you are or were a client of Brainard and suffered losses please contact Menzer & Hill, P.A. at 888-923-9223 to explore your investment recovery options.