Investor Names Canon Hickman in Suitability Dispute

Canon Hickman (CRD #: 5306028), a broker registered with Cambridge Investment Research, is involved in a pending dispute, according to his BrokerCheck record, accessed on November 30, 2022. Investors may have also accessed his services through Equity Concepts. If you want to learn more about his conduct as a broker, read on.

Investor Dispute

On September 29, 2022, an investor named Canon Hickman in a dispute alleging the unsuitability of an oil and gas investment, which allegedly involved a state tax deduction not available to the client. The investor also allegedly expressed concerns about the liquidity and performance of a Business Development Company (BDC) investment.

This dispute is pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must consider the characteristics described in an investor’s profile, such as their age, risk tolerance, and tax status.

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

What is a Business Development Company?

A Business Development Company (BDC) is an investment company that provides developing and financially struggling businesses with loans. Though BDCs can yield high returns, their speculative nature makes them an unsuitable investment for most investors.

Background Information

Canon Hickman has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• Series 65 – Uniform Investment Adviser Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Canon Hickman is a registered broker in 21 states and the District of Columbia. He is also a registered investment adviser in Texas and Virginia.

He has also worked for the following firms:

• Sanders Morris Harris (CRD#:20580)
• QA3 Financial (CRD#:104957)
• QA3 Financial Corporation (CRD#:14754)

Kurta Law Can Help

If you worked with Canon Hickman 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.