Brady Lipp Complaints & Investigation | NI Advisors Broker
Broker Brady Lipp (CRD #1359835) is reportedly facing a customer complaint alleging fraud and negligent supervision tied to his time at Great Point Capital LLC. Lipp is currently registered with NI Advisors in Milpitas, California. The White Law Group is investigating the Brady Lipp complaint and the circumstances surrounding his departure from Great Point Capital. Investors who worked with Lipp and have questions about their legal options can contact a FINRA arbitration attorney at The White Law Group for a free consultation.
Who Is Brady Lipp?
Brady Thomas Lipp has reportedly worked in the securities industry for decades. According to his CRD report, his past registrations 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.
Lipp was registered with Great Point Capital LLC in Chicago, Illinois, from 2021 to 2025. He has been registered with NI Advisors in Milpitas, California, since 2025.
Brady Lipp Customer Complaint
Per publicly available FINRA records, Brady Lipp is reportedly the subject of one customer complaint:
March 2026: A customer alleges Lipp is responsible for the loss of invested funds due to alleged fraud and negligent supervision. The customer is seeking $1,000,000 in damages. The complaint remains pending and reportedly relates to Lipp’s time at Great Point Capital LLC.
These are allegations only. Under FINRA rules, brokerage firms are responsible for supervising the activities of their registered representatives, and Great Point Capital LLC may bear liability for losses allegedly tied to Lipp’s conduct while he was associated with the firm.
Brady Lipp’s Separation From Great Point Capital
Brady Lipp’s BrokerCheck record also includes a separate disclosure describing the circumstances of his departure from Great Point Capital. According to that disclosure, Lipp was reportedly never authorized by the firm to be involved in fundraising for TriState Solutions LLC, doing business as RahRah. Lipp reportedly brought RahRah to Great Point Capital and was told the firm was not interested in participating. He was allegedly informed that if he wished to pursue an outside business activity with RahRah as a finder, he would need to submit a written request under FINRA Rule 3270 for the firm’s review.
According to the disclosure, Lipp reportedly never submitted that request but allegedly continued his involvement with RahRah in alleged violation of the firm’s policies. A customer has reportedly claimed that Lipp’s handling of the RahRah involvement caused financial harm. Great Point Capital states that Lipp’s association with the firm was terminated after the activity was discovered, and he was permitted to resign.
Was Brady Lipp Barred or Suspended by FINRA?
Based on currently available FINRA BrokerCheck records, Brady Lipp has not been barred or suspended by FINRA. He was permitted to resign from Great Point Capital following the firm’s internal review of his outside business activity. A bar is a permanent revocation of a broker’s license to work in the securities industry, while a suspension is time-limited. Neither has been reported against Lipp at this time; the March 2026 customer complaint remains an unadjudicated allegation, and the RahRah matter was handled internally by Great Point Capital rather than through a formal FINRA disciplinary action.
Outside Business Activities and Selling Away: What Investors Should Know
FINRA Rule 3270 requires registered representatives to disclose outside business activities to their employing firm in writing before engaging in them. A related rule, FINRA Rule 3280, prohibits brokers from engaging in private securities transactions away from their firm without the firm’s approval, commonly referred to as selling away. These rules exist so that a brokerage firm can vet any investment or business opportunity a broker brings to a customer before money changes hands.
When a broker fails to disclose an outside business activity or continues involvement with a venture after being told not to, investors may have limited protection and no assurance the investment was ever reviewed for suitability or legitimacy. Investors who were solicited by a broker for an investment outside of their brokerage account may have grounds to pursue a claim against the broker and, in some cases, the brokerage firm for failure to supervise.
How to Check a Broker’s Background
Investors can research any broker’s registration history, employment record, and disclosures using FINRA’s free BrokerCheck tool. Brady Lipp’s full report is available using his CRD number, 1359835. The White Law Group encourages investors to review a broker’s BrokerCheck report before opening an account and periodically thereafter.
Do You Have a Claim Against Brady Lipp or Great Point Capital?
The White Law Group is investigating potential claims on behalf of investors who worked with Brady Lipp, particularly those involved in the RahRah investment or who suffered losses while Lipp was registered with Great Point Capital LLC. If you invested with Lipp and lost money, an experienced FINRA arbitration attorney can help you evaluate whether you have a viable claim.
Frequently Asked Questions
How do I file a claim or recover money invested through Brady Lipp?
Investors who believe they suffered losses tied to Brady Lipp’s conduct may be able to recover those losses through FINRA arbitration. Most brokerage account agreements typically include a pre-dispute arbitration clause, a provision many retail investors don’t realize is in their paperwork, which generally requires disputes with a broker or firm to be resolved through FINRA arbitration rather than a lawsuit filed in court. Arbitration is a different process than litigation, but it can still result in a monetary recovery. An attorney experienced in FINRA arbitration can review your account records and help you understand whether you have a viable claim.
What is an outside business activity violation, and why does it matter for my investment?
FINRA Rule 3270 requires brokers to disclose outside business activities to their firm in writing before getting involved, so the firm can evaluate whether the activity creates a conflict of interest or needs to be supervised. When a broker allegedly continues an outside activity without making that disclosure, as Lipp’s BrokerCheck record describes with respect to RahRah, the firm loses the opportunity to vet the opportunity, monitor the broker’s conduct, or warn customers about potential risks. That breakdown in oversight is often central to an investor’s claim.
Can Great Point Capital be held responsible for my losses?
Possibly. Brokerage firms have a duty to reasonably supervise their registered representatives, including monitoring for undisclosed outside business activities. This type of claim, often called failure to supervise, is separate from any claim against Lipp individually and does not require proof that the firm approved the investment.
Contact The White Law Group
The White Law Group is a national securities fraud law firm with offices in Chicago and Seattle. If you invested with Brady Lipp, Great Point Capital LLC, or NI Advisors and suffered losses, contact us for a free consultation at (888) 637-5510 or through our contact page. Our FINRA arbitration attorneys represent investors nationwide on a contingency fee basis.
