Brian Johnson Allegedly Purchased Insurance Policy Without Authorization
Brian Johnson (CRD #: 3060206), a broker registered with State Farm VP Management Corporation, is involved in a pending dispute, according to his BrokerCheck record, accessed on March 28, 2023. Investors may have also worked with him through State Farm Investment Management Corporation. If you have questions about his alleged conduct as a broker, keep reading.
Investor Dispute
On January 18, 2023, an investor filed a dispute alleging that Brian Johnson opened an account without the client’s authorization. This dispute is currently pending.
FINRA Rule 3260
FINRA Rule 3260 requires brokers to receive written authorization from their clients before engaging in discretionary trading. Discretionary accounts must also be approved by the firm before this trading can occur.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of many other rules may also qualify as violations of FINRA Rule 2010.
Background Information
Brian Johnson has passed the following exams:
- Series 65 – Uniform Investment Adviser Law Examination
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
Brian Johnson is a registered broker and investment advisor in Arkansas and Missouri.
Kurta Law Can Help
If you worked with Brian Johnson 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.