Connor Fuchs Suspended by FINRA for Alleged OBA

Connor Fuchs (CRD #: 6602274), a broker formerly registered with Steward Partners Investment Solutions, was fired from his firm, according to his BrokerCheck record, accessed on November 7, 2024. If you have questions about his alleged conduct as a broker, keep reading.

FINRA Suspension

On October 21, 2024, Connor Fuchs consented to the entry of findings that he allegedly participated in an outside business activity from February to December 2022 without notifying or receiving approval from Raymond James Financial Services or Steward Partners Investments Solutions.

According to a Letter of Acceptance, Waiver & Consent (AWC), Connor Fuchs allegedly assisted two companies with fundraising and strategic planning during the relevant period. He allegedly contacted or met several individuals, including a client of Steward Partners, to provide information about these businesses.

The founder of these companies’ allegedly provided Connor Fuchs with an email address that he used for communications, and his email signature identified him as an executive affiliated with one of the companies. Further, Connor Fuchs allegedly discussed receiving an equity stake in one company.

The AWC concluded that these allegations constituted violations of FINRA Rules 3270 and 2010.

FINRA Rule 3270

FINRA Rule 3270 requires brokers to seek approval from their firm before engaging in outside business activities.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Sanctions

Connor Fuchs consented to the following sanctions:

• 45-calendar-day suspension from associating with FINRA members
• $5,000 fine

His suspension began on October 21, 2024, and will end on December 4, 2024.

You can read the full AWC here.

Other business activities

Connor Fuchs’ detailed BrokerCheck report lists the following outside business activities:

• Owner and registered investment advisor with Steward Partners Global Advisory.
• Owner of Vuulstead Capital Opportunities.

Previous FINRA Suspension

On September 20, 2024, FINRA suspended Connor Fuchs for allegedly failing to comply with an arbitration award/settlement agreement or adequately respond to a request for information about his compliance.

This allegation was made in connection with an Arbitration Award which does not directly name Connor Fuchs but does involve his former employer, AXA Advisors. The original claim alleged the breach of a promissory note. You can access the Arbitration Award here.

His suspension will continue until the required payment is made or discharged.

Article VI, Section 3 of FINRA By-Laws

Article VI, Section 3 of FINRA By-Laws allows FINRA to suspend or cancel the membership of any member who fails to comply with arbitration awards or settlement agreements.

FINRA Rule 9554

FINRA Rule 9554 penalizes brokers for failing to comply with arbitration awards or settlements by suspending or canceling their registration. Brokers can request a hearing within 21 days, after which their suspension or cancellation becomes final.

Termination from Steward Partners Investment Solutions

On December 28, 2022, Connor Fuchs was fired from Steward Partners Investment Solutions for allegedly violating firm policies with regard to outside business activities.

Background Information

Connor Fuchs has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

He has also worked for the following firms:

• Steward Partners Investment Solutions (CRD#:1254)
• Raymond James Financial Services (CRD#:6694)
• Wells Fargo Clearing Services (CRD#:19616)
• AXA Advisors (CRD#:6627)

Kurta Law Can Help

If you worked with Connor Fuchs 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 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.