Brian Court Suspended by FINRA for Alleged Unauthorized Trading

Brian Court (CRD #: 2591547), a broker previously registered with Aegis Capital Corporation, was suspended by FINRA. This is according to his BrokerCheck record, accessed on July 7, 2025. Details regarding this suspension are provided below. 

FINRA Suspension

On May 28, 2025, Brian Court consented to the entry of findings that he allegedly exercised trading discretion without clients’ written authorization between May 14, 2019 and April 28, 2021.

According to a Letter of Acceptance, Waiver & Consent (AWC), Brian Court allegedly exercised 604 trades in ten client accounts without their prior written authorization. Further, Aegis Capital Corporation had allegedly not accepted any of these accounts as discretionary.

The AWC concluded that these allegations constituted violations of FINRA Rules 3260(b) and 2010.

Unauthorized Trading

Unauthorized trading violates FINRA Rule 3260, which limits brokers to exercising their trading discretion in pre-approved discretionary accounts.

High Standards of Commercial Honor

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

Sanctions

Brian Court consented to a one-month suspension from associating with FINRA members. His suspension ran from June 2 to July 1, 2025. You can access a copy of the AWC here.

Investor Allegations 

On November 17, 2023, investors alleged that Brian Court recommended an unsuitable investment, overconcentrated their investments, and made misrepresentations and omissions. This dispute was settled for $150,000.

Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, 

and financial goals. Investments that do not take these factors into account may be unsuitable. 

This rule also prohibits overconcentration, as placing too much of a portfolio in a single sector exposes the investor to unnecessary risk.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

Misrepresentation 

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent tactics to influence the purchase and sale of securities. Misrepresenting an investment’s risks, requirements, or other features violates this rule.

Background Information 

Brian Court has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 

• SIE – Securities Industry Essentials Examination 

• Series 7 General Securities Representative Examination

• Series 24 General Securities Representative Examination 

He has registered with the following firms: 

• Aegis Capital Corporation (CRD #: 15007) 

• J.P. Turner & Company (CRD #: 43177) 

• GunnAllen Financial (CRD #: 17609) 

• Investec Ernst & Company (CRD #: 266) 

• Royce Investment Group (CRD #: 10494) 

Kurta Law Can Help 

If you have worked with Brian Court and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.