Brian Moran Allegedly Misreported Net Capital

Brian Moran (CRD #: 1940341), a broker registered with Fundamental Interactions Neutron Direct, was suspended for three months. This disclosure appears on his BrokerCheck record, accessed on December 19, 2025. Keep reading if you have questions regarding his alleged conduct.

Regulatory Actions

On October 9, 2025, FINRA said Moran allegedly let StartEngine Primary LLC keep operating while it lacked the required net capital. The order described backdated capital resolutions used in the firm’s net capital computations. FINRA said he allegedly filed inaccurate FOCUS reports that misstated net capital. The order said he allegedly filed required net capital deficiency notices late.

You can read a copy of the AWC here. 

High Standards of Commercial Honor

FINRA Rule 2010 requires brokers to uphold high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 4110 and FINRA Rule 4510 also violate this rule. 

Rule 4110

FINRA Rule 4110 requires a firm to suspend operations when it is not meeting net capital rules unless FINRA permits otherwise.  

Rule 4511

FINRA Rule 4511 requires firms to keep accurate and up-to-date books and records.

Background Information

Brian Moran has passed the following exams:

• Series 14 Compliance Officer Examination

• Series 27 Financial and Operations Principal Examination

• Series 24 General Securities Principal Examination

• Series 82TO Limited Representative Private Securities Offerings

• Series 99TO Operations Professional Examination

• Series 79TO Investment Banking Registered Representative Examination

• Series 6TO Investment Company Products Variable Contracts Representative Examination

• Series 62 Corporate Securities Limited Representative Examination

• SIE Securities Industry Essentials Examination

• Series 7 General Securities Representative Examination

• Series 65 Uniform Investment Adviser Law Examination

• Series 63 Uniform Securities Agent State Law Examination

He has registered as a broker in Connecticut, New York, and North Carolina.

Brian Moran has registered with 26 firms. These are the most recent: 

• Fundamental Interactions Neutron Direct, LLC, CRD # 322233
• Cicada Securities, CRD # 314109
• Sharenett Securities LLC, CRD # 151011
• Vex Securities, CRD # 317371
• Linqto Capital, CRD # 314557 

Kurta Law Can Help 

If you have worked with Brian Moran and have concerns about your investments, don’t hesitate to contact us today 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.