FINRA Recommends Disciplinary Action Against J. Brett Stuart

Brett Stuart (CRD #: 3022149), a broker formerly registered with Richfield Orion International, was recently investigated by FINRA, according to his BrokerCheck record, accessed on December 7, 2022. Keep reading if you want to know more about his alleged conduct as a broker.

FINRA Investigation

On October 27, 2022, FINRA recommended disciplinary action be brought against J. Brett Stuart. FINRA alleged that J. Brett Stuart failed to reasonably supervise trading in client accounts at Richfield Orion International for potentially excessive trading, violating FINRA Rules 3110 and 2010.

FINRA further alleged that he failed to provide testimony, information, and documents by FINRA request, violating FINRA Rules 8210 and 2010.

FINRA Rule 3110

FINRA Rule 3110 requires that firms establish systems of supervision over their employees in order to detect and prevent violations of securities regulations. Firms must appoint supervisory personnel and ensure they have the training or experience necessary for their role.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 8210

FINRA Rule 8210 requires members to supply records, information, and testimony upon request by FINRA.

Background Information

Brett Stuart has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 55 – Limited Representative-Equity Trader Exam
• Series 7 – General Securities Representative Examination
• Series 27 – Financial and Operations Principal Examination
• Series 53 – Municipal Securities Principal Examination
• Series 4 – Registered Options Principal Examination
• Series 24 – General Securities Principal Examination

In the past, he worked for the following firms:

• Richfield Orion International (CRD#:24433)
• Intervest International Equities (CRD#:20289)
• M Holdings Securities (CRD#:43285)
• Securities Service Network. (CRD#:13318)
• Edward D. Jones & Company (CRD#:250)

Kurta Law Can Help

If you worked with J. Brett Stuart 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 and 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.