NI Advisors’ Broker Brady Thomas Lipp “Permitted to Resign” by Great Point Capital

• March 31, 2026
• Great Point Capital Financial Advisor
• Uncategorized

Broker’s Background

 

Brady Thomas Lipp (CRD #: 1359835) is registered with NI Advisors. He is located in Milpitas, CA. Lipp’s past employers include NI Advisors, Great Point Capital LLC, David A. Noyes & Company, ALPS Distributors, Inc., Taglich Brothers, Inc., Quasar Distributors, LLC, Jesup & Lamont Securities Corp, Credit Suisse Asset Management Securities, Inc., Strong Funds Distributors, Inc. and Edward D. Jones & Co., L.P.

 

Current and Past Allegations of Conduct Leading to Investment Loss

 

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in March 2026, Brady Thomas Lipp became the subject of a customer dispute alleging, “loss of their monies invested due to fraud and negligent supervision”. The damage amount requested is $1,000,000.00.

In addition, Brady Thomas Lipp has been the subject of one past FINRA disclosure, where he was permitted to resign by Great Point Capital, which is related to the customer complaint.

 

“Lipp was never authorized by GPC to be involved in fundraising for a firm named RahRah (TriState Solutions LLC d/b/a RahRah, “RahRah”). He had at one time brought RahRah to GPC and inquired whether GPC wished to have involvement and was told after review of RahRah’s proposal GPC was not interested and would not participate. GPC told Lipp that if he separately wished to be involved in an outside business activity with RahRah as a finder (as opposed to a private securities transaction) he would need to submit a written request to do so as required by FINRA Rule 3270. GPC would then review his submission. He never made any request but apparently continued to be involved with RahRah, which is a violation of GPC’s rules and procedures. One customer claims Lipp mishandled the involvement with RahRah to the customer’s detriment. As a result of the discovery by GPC, Lipp’s association with GPC was terminated.”

 

For a copy of Lyhen Fiallo’s FINRA Broker Check, click here

 

We Help Investors Recover Investment Losses

 

Pursuant to FINRA Rule 3270, outside business activities in which Financial Advisors become involved must be disclosed.  FINRA Rule 3280 prohibits Financial Advisors from engaging in Private Securities Transactions, which are securities transactions that take place away from the employing brokerage firm.  The purpose of these rules is to ensure that Financial Advisors do not engage in selling away.  The Financial Industry Regulatory Authority (FINRA) strictly prohibits financial advisors from “selling away” or selling securities and investments to clients that are not offered by the brokerage firm with which they are employed. For example, it is illegal and a violation of industry rules for a financial advisor to recommend or even suggest that a client invest in the financial advisor’s own business or a business operated by his or her friends or family. It is not necessary that the financial advisor earn any compensation for recommending an outside investment.

 

The purpose behind this prohibition is to ensure that a financial advisor only offers to sell securities that have been vetted by his or her employer brokerage firm through a rigorous due diligence process. Most brokerage firms have an approved list of investments, products, and research that can be provided or made available to clients. Any deviation by the financial advisor from the approved product list may constitute selling away.

 

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at (855) 289-7868 or by email at mwolper@wolperlawfirm.com.