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Christopher Norton is Involved in an Investor Dispute

Feb 28, 2022 Misrepresentation

Christopher Norton (CRD #: 5386000), a broker registered with I-Bankers Direct, is involved in an investor dispute, according to his BrokerCheck record accessed on February 19, 2022. 

On December 9, 2021, Christopher Norton was involved in an investor dispute alleging an unsuitable investment recommendation, inadequate due diligence, misrepresentation and omissions, breach of contract, and negligence.

The damage amount requested is $127,500 一 the case is still pending.

Settled Dispute

On April 7, 2020, Christopher Norton was named in an investor dispute alleging unsuitable and excessive trading and misrepresentation. The case was settled for $57,500.

FINRA Rules 2111 and 2020

Churning” is another term for excessive trading. It occurs when brokers execute trades simply for the sake of generating commissions for themselves, without any financial benefit for their investors. It is prohibited under FINRA Rule 2111, which requires "quantitative suitability." Quantitative suitability means the number of trades must fit the investor's needs. 

FINRA Rule 2020 prohibits brokerage firms and stockbrokers from making material misrepresentations or inducing people into buying investments with false statements about their potential benefits. 

Losses that can be attributed to a stockbroker's material misrepresentations of facts may result in a viable securities arbitration claim for damages.

Background Information

Christopher Norton 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 7 - General Securities Representative Examination

He is a registered broker in 46 states and Washington D.C.

Besides I-Bankers Direct, Christopher Norton has also worked with the following firms:

  • Aegis Capital Corp. (CRD#:15007)
  • IAA Financial (CRD#:6578)
  • Obsidian Financial Group (CRD#:104255)
  • Brookstone Securities (CRD#:13366)
  • Blackbook Capital (CRD#:123234)
  • Prestige Financial Center (CRD#:30407)
  • John Thomas Financial (CRD#:40982)
  • Westrock Advisors (CRD#:114338)

 Kurta Law Can Help

If you have worked with Christopher Norton 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 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. Please reach out if you have any questions about what steps to take next to recover your investment losses.