{"id":1630,"date":"2015-04-23T13:13:57","date_gmt":"2015-04-23T13:13:57","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/04\/killeen_man_accused_of_texas_s"},"modified":"2022-03-22T14:11:34","modified_gmt":"2022-03-22T19:11:34","slug":"killeen-man-accused-of-texas-s","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/killeen-man-accused-of-texas-s\/","title":{"rendered":"Killeen Man Accused of Texas Securities Fraud Targeting Military"},"content":{"rendered":"

The U.S. Securities and Exchange Commission is accusing Leroy Brown Jr. of Texas securities fraud<\/a>. Brown, a U.S. army veteran, allegedly solicited ex- and current members of the military and others to invest with him and his firm LB Stocks and Trades Advice.<\/p>\n

Among his purported wrongdoings are presenting his firm as SEC- and Financial Industry Regulatory Authority-registered, when it is neither, touting himself as holding all securities licenses, which he does not, and creating a bogus sense of success and legitimacy via numerous misrepresentations to get people to invest. Brown also allegedly persuaded investors to buy $1,000 membership certificates in the firm’s stocks to get involved in purported investments in undeveloped real estate that were purportedly “guaranteed” to double or even triple their money. Instead, said the SEC, he took investors’ funds and placed the cash in his own accounts. The Commission believes the Texas securities scam has gone on for about sixteen months.<\/p>\n

Affinity Scams<\/strong><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The U.S. Securities and Exchange Commission is accusing Leroy Brown Jr. of Texas securities fraud. Brown, a U.S. army veteran, allegedly solicited ex- and current members of the military and others to invest with him and his firm LB Stocks and Trades Advice. Among his purported wrongdoings are presenting his firm as SEC- and Financial […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3918,3750],"tags":[],"class_list":["post-1630","post","type-post","status-publish","format-standard","hentry","category-affinity-fraud","category-texas-securities-fraud"],"yoast_head":"\nKilleen Man Accused of Texas Securities Fraud Targeting Military — Investor Lawyers Blog — April 23, 2015<\/title>\n<meta name=\"description\" content=\"The U.S. Securities and Exchange Commission is accusing Leroy Brown Jr. of Texas securities fraud. 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