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Brent Nelson Allegedly Recommended Unsuitable Investments

Brent Nelson (CRD #: 3026585), a broker registered with StoneX Securities, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on October 31, 2024. Investors may have also engaged his services through StoneX Advisors. Read on if you have questions about his alleged conduct as a broker.

Investor Dispute

On August 21, 2024, an investor alleged that Brent Nelson recommended high-risk, high-commission alternative investments and illiquid investments that declined in value. The investor seeks $180,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately fit an investor’s financial goals. Brokers must consult the investor’s profile, which describes their tax status, investing experience, risk tolerance, and other information.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

Background Information

Brent Nelson has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 24 – General Securities Principal Examination

Brent Nelson is a registered broker in 24 states and a registered investment adviser in Ohio and Texas.

He has also worked for the following firms:

  • Sterne Agee Investment Advisor Services (CRD#:7365)
  • WRP Investments (CRD#:7365)
  • IAR Securities Corporation (CRD#:5155)
  • AC Financial (CRD#:21616)
  • Fairchild Financial Group (CRD#:21404)

Kurta Law Can Help

If you worked with Brent Nelson and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

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