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Brian Nelson Allegedly Employed Fraudulent Business Practices

Brian Nelson (CRD #: 5065593), a broker registered with Emerson Equity, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on July 30, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On May 7, 2024, an investor alleged that Brian Nelson violated federal and California securities laws. He allegedly engaged in unlawful and fraudulent business practices and violated his fiduciary duty. He also allegedly engaged in common law fraud and negligence.

Negligence

Many types of broker misconduct may qualify as negligence. Typical examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and failure to follow instructions.

Investors who believe their losses are the result of broker negligence may be able to recover their funds through FINRA arbitration.

Fiduciary Duties

Brokers are often dually registered as Registered Investment Advisers (RIAs) with the SEC. RIAs are fiduciaries, and fiduciaries are required to act in their clients’ best interests. Brokers are not fiduciaries but must abide by FINRA Rule 2111 and Regulation Best Interest. (To learn more about the differences between brokers and Registered Investment Advisers, click here.)

Background Information 

Brian 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 

He is a registered broker in 28 states. 

During his 17 years of experience, he has registered with seven firms: 

  • Emerson Equity (CRD #: 130032) 
  • ARI Financial Services (CRD #: 137608) 
  • XNergy Financial (CRD #: 144436) 
  • Dimirak Securities Corporation (CRD #: 150181) 
  • NelsonReid (CRD #: 45503) 
  • Steven L. Falk & Associates (CRD #: 14297) 
  • White Pacific Securities (CRD #: 42505) 

Kurta Law Can Help 

If you have worked with Brian Nelson and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.

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