Blake Furgerson (CRD #6055795) Has Customer Dispute Disclosures on FINRA BrokerCheck

Blake Furgerson (CRD #6055795) was previously registered as a broker and has customer dispute disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on April 10, 2026. It reflects two pending customer disputes. If you invested with Blake Furgerson and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Blake Furgerson’s FINRA BrokerCheck Report reflects two customer dispute disclosures. Summaries of the disputes are below:

On January 22, 2026, customers alleged Blake Furgerson failed to disclose the essential terms relating to an investment. Blake Furgerson FINRA BrokerCheck lists the product type as Direct Investment-DPP & LP Interests. The complaint is pending. No specific damages were alleged, but the firm said it made a good-faith determination that damages could be $5,000 or more.

On November 24, 2025, customers alleged Blake Furgerson did not fully disclose investments they claim they would not have approved if they were told. Blake Furgerson FINRA BrokerCheck lists the product types as Debt-Corporate and Direct Investment-DPP & LP Interests. The complaint is pending. No specific damages were alleged, but the report says the firm made a good-faith determination that damages could be $5,000 or more.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a broker to have a reasonable basis to believe a recommendation is suitable for the customer based on the customer’s investment profile. Disputes about incomplete disclosure or investments a customer says they would not have approved can raise suitability questions.

Rule Summary #2: FINRA Rule 2310 (Direct Participation Programs)

FINRA Rule 2310 governs public offerings of direct participation programs and requires suitability standards for participants to be established and disclosed. Because BrokerCheck lists Direct Investment-DPP & LP Interests in both complaints, this rule is relevant to how those investments were explained and recommended.

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 his FINRA BrokerCheck report, Blake Furgerson:

Is not currently registered.

Has passed the Securities Industry Essentials (SIE) exam. Blake Furgerson has passed Series 31 and Series 7. He has also passed Series 66 and Series 63.

Was previously registered with firms that include Stifel, Nicolaus & Company, Incorporated, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Oppenheimer & Co. Inc., and Robert W. Baird & Co. Incorporated.

Kurta Law Can Help

If you have worked with Blake Furgerson and you have concerns about his 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: Unsuitable Investments | Direct Participation Programs

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.