Brian Court (CRD #2591547) Has Regulatory, Customer Dispute, and Financial Disclosures on FINRA BrokerCheck

Brian Court (CRD #2591547) was previously registered as a broker. We reviewed his BrokerCheck report on May 7, 2026. It reflects one regulatory event, eight customer disputes, and one financial disclosure. FINRA BrokerCheck states that Court is not currently registered. If you invested with Brian Court and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Regulatory Action

Brian Court’s FINRA BrokerCheck Report reflects one regulatory disclosure. A summary of the regulatory action is below:

On May 28, 2025, FINRA initiated a final regulatory action involving Court. Brian Court’s FINRA BrokerCheck report states that Court consented to findings that he exercised discretion without written authorization in 10 customer accounts. FINRA stated that the customers knew Court was placing trades. The report also states that the customers had not given prior written authorization. Aegis Capital Corp. did not accept the accounts as discretionary.

The matter was resolved by Acceptance, Waiver & Consent. FINRA suspended Court in all capacities from June 2, 2025, through July 1, 2025. No monetary sanction was imposed due to Court’s financial status.

Investor Disputes / Customer Complaints

Brian Court’s FINRA BrokerCheck Report reflects eight customer dispute disclosures. Two examples are summarized below. Six additional customer dispute disclosures remain on the report.

On March 12, 2026, a customer alleged Court recommended an unsuitable investment. Brian Court’s FINRA BrokerCheck report lists the product as corporate debt. The dispute settled for $20,000. Court did not contribute to the settlement.

On November 28, 2023, customers alleged negligence, failure to conduct adequate due diligence, excessive trading, unauthorized trading, misrepresentation, omission of material facts, and breach of fiduciary duty. The dispute involved real estate securities and alternative investments. Brian Court’s FINRA BrokerCheck report lists requested damages of $100,000. The matter settled for $40,000. Court’s statement denied the allegations and said the investments were suitable.

Financial Disclosures

Brian Court’s FINRA BrokerCheck Report reflects one financial disclosure. A summary of the disclosure is below:

On March 29, 2023, Court reported a Chapter 7 bankruptcy. Brian Court’s FINRA BrokerCheck report lists the court as the New York Eastern Bankruptcy Court in Central Islip, New York. The matter was discharged on October 19, 2023.

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

FINRA Rule 3260 limits discretionary trading in customer accounts. A broker must have prior written customer authorization. The firm must also accept the account in writing before discretion is used.

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

FINRA Rule 2010 requires high standards of commercial honor. It also requires just and equitable principles of trade. Regulatory actions can raise questions about whether conduct met those standards.

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, Brian Court:

Is not currently registered as a broker.

Has passed the Securities Industry Essentials (SIE) exam. Brian Court has passed Series 7 and Series 24. He has also passed Series 63.

Was previously registered with firms that include Aegis Capital Corp., J.P. Turner & Company, L.L.C., GunnAllen Financial, Inc., Investec Ernst & Company, and Royce Investment Group, Inc.

Reported one professional designation: Certified Financial Planner.

Kurta Law Can Help

If you have worked with Brian Court 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 | Unauthorized Trading

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.