Ann Marie Reagan (CRD #5597215) Has a Customer Dispute Disclosure on FINRA BrokerCheck

Ann Marie Reagan (CRD #5597215) is a broker with a customer dispute on FINRA BrokerCheck. We reviewed her BrokerCheck report on April 15, 2026. It reflects one customer dispute. If you invested with Ann Marie Reagan and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Ann Reagan’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute is below:

On February 6, 2026, a customer alleged Ann Reagan used an unauthorized 2021 trading strategy and unauthorized funding. Ann Reagan FINRA BrokerCheck states the employing firm was Avantax Investment Services, Inc. The product listed is equity listed stock, and the customer requested $112,766. The matter is pending in FINRA arbitration under docket 26-00257.

Rule Summary #1: FINRA Rule 3260 (Discretionary Accounts)

FINRA Rule 3260 limits when a broker can trade in an account without prior written authority. Unauthorized trading complaints often turn on customer approval and firm acceptance of discretionary activity.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires brokers to observe high standards of commercial honor and just and equitable principles of trade. Unauthorized trading allegations can raise concerns about whether the broker respected client instructions and handled the account fairly.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on Her FINRA BrokerCheck report, Ann Reagan:

Is currently registered with Cetera Wealth Services, LLC and Cetera Investment Advisers LLC.

Has passed the Securities Industry Essentials (SIE) exam. Ann Reagan has also passed Series 7 and Series 66.

Was previously registered with firms that include Avantax Investment Services, Inc. and 1st Global Capital Corp.

Kurta Law Can Help

If you have worked with Ann Reagan and you have concerns about her activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Unauthorized Trading | Securities Attorney

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.