Investor Alleges Brian Perkins Violated Colorado Securities Act
Brian Perkins (CRD #: 5630932), a broker registered with Emerson Equity, is the subject of a pending dispute, according to his BrokerCheck record, accessed on January 19, 2023. Investors may have also engaged his services through CDP Financial Group. Keep reading if you want to know more about his alleged conduct as a broker.
On December 6, 2022, an investor alleged Brian Perkins breached his contract, made negligent misrepresentations, violated the Colorado Securities Act, and violated FINRA Rules 2010, 2120, and 2111.05(a). The client seeks $120,000 in damages in this pending dispute.
FINRA Rule 2020
FINRA Rule 2020 bans the use of manipulative or deceptive tactics, like the misrepresentation or omission of material facts, as they relate to the purchase and sale of securities.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles, which describe investor characteristics, such as their tax status, risk tolerance, and financial goals.
FINRA Rule 2111.05(a) specifically requires brokers to have a reasonable basis to believe their recommended investment could be suitable for at least some investors.
Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.
What are Blue Sky Laws?
Blue sky laws like the Colorado Securities Act are state-level regulations that provide investors with an extra layer of protection against securities fraud.
What qualifies as broker negligence?
Many types of broker misconduct may qualify as negligence. Common examples include misrepresentations or omissions of material fact, unsuitable investment recommendations, and unauthorized trading.
Investors who believe their losses are the result of broker negligence may be able to recover their losses by pursuing FINRA arbitration.
Brian Perkins has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- Series 65 – Uniform Investment Adviser Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
Brian Perkins is a registered broker in seven states and a registered investment adviser in Colorado.
He has also worked for Colorado Financial Service Corporation (CRD#:104343) and MCL Financial Group (CRD#:41180).
Kurta Law Can Help
If you worked with Brian Perkins and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org 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.