Last Updated: September 2023 (Albany, NY)
Fred Monroe, Jr. Investigation Summary
Here’s what you need to know about Albany, NY, stockbroker Fred Monroe,Jr.:
- Name: Mr. Frederick Eugene Monroe, Jr.
- Current Employer: Barred from securities industry by FINRA
- Previous Firms: Voya Financial Advisors, Northwestern Mutual Investment Services, Robert W. Baird
- Function: Former Stock Broker/ Financial Advisor
- Aliases: Fred Monroe
- Primary Location: Albany, NY
- CRD 2457010
- Can Fred Monroe, Jr. be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Highest Settlement: $912,882
- Convicted of misappropriation of customer funds: Yes
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Fred Monroe, Jr. As Your Stockbroker?
More than $2.5 million was paid to customers of Voya Financial Advisors to resolve allegations of theft by their broker Fred Monroe, Jr.
Monroe was convicted of several felony charges resulting from the theft in NY State Court in 2016. According to the Times Union, Monroe received the maximum sentence of 51/2 to 16 years for his 13 year ponzi scheme.
In 2015 Fred Monroe, Jr. was barred from the industry by FINRA for failing to cooperate with a FINRA investigation.
Allegations of Broker Misconduct Against Fred Monroe, Jr.
Customers of Fred Monroe, Jr. have alleged the following wrongdoing in connection with the handling of customer accounts:
- Misappropriation of funds from brokerage accounts
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Fred Monroe, Jr., contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
